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Groups / Non-Profit and Philanthropic / World Transformation

Investing in transforming the world.

Posted by gin_0 on Thursday, July 26, 05:32 PM

Kiva.org is the world’s first peer-to-peer, distributed microloan website. A great idea where PayPal meets Gates Foundation. The site allows you to lend a small amount of money, say $25, to needy microenterprises in developing countries. You receive repayment at the end of the loan period (normally 6-12 months) without interest. If they default on the loan, your loan becomes a donation – though none of the businesses have defaulted yet. A great low-risk, high-reward idea.

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Comments (6)

DRomeo

DRomeo wrote on Jul 28, 02:54 PM

I've been hearing more and more about this opportunity.  Curious as to what the impact has been so far.

gin_0

gin_0 wrote on Jul 28, 02:57 PM

I don't know, and I am going to experiment by making a loan, I'll let you know how it turns out.  I find it fascinating what can be done with just 25$  it could mean so much to someone, and to turn it around and use that same 25% again and again to assist many others. Priceless!

The_Esquire

The_Esquire wrote on Jul 28, 03:23 PM

This is interesting, I may join Gin_0 in an experimental loan myself.  I will keep everyone posted.

gin_0

gin_0 wrote on Jul 28, 03:36 PM

Oh do make a ppst about it if you decide to go forward! :)

starzshowz

starzshowz wrote on Aug 02, 02:59 PM

done it gave a loan to a fly in nigeria

starzshowz

starzshowz wrote on Aug 02, 03:06 PM

they make baskets for the vegi market

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This entry was tagged with developing world, kiva, microloans. It has been viewed 14 times and got 6 comments.

World Transformation

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Group description

There are big problems in this world, and it's difficult to know what we as individuals can do about them. This group is dedicated to projects or stories of actions and events that transform our world.

Interests:

Category:

Non-Profit and Philanthropic

Created:

gin_0

July 26, 2007 by gin_0
from Lower East Side

Most active members:

gin_0

Total: 7 people