July 8, 2007

Loans that change lives


During my trips to Nicaragua I was amazed at how much can be done with so little money by North American terms. I had heard about microfinance and how it is used to help small business in developing countries.

After my return I ran across this web site thats sole purpose is to help the regular guy get involved in the microfinance business and make a difference in the world.

From their website:
Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can "sponsor a business" and help the world's working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you've sponsored. As loans are repaid, you get your loan money back.
The site allows the user to pick and choose what businesses they wish to support. I have decided that I will loan money to businesses in Nicaragua. Check out my lender page and get involved. You can make a world of difference for as little as $25 (and you get that money back) so what are you waiting for?



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