Tuesday, December 11, 2007

KIVA


"Make a loan to an entrepreneur in the developing world.
"Kiva is the world's first online lending platform.
"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." - Kiva.org - Loans that change lives

"Sumiati, 29 years old, is the mother of a child aged 9. She raises chickens at her house, feeding them for some time before she sells them. Her husband, Wardi, works at a repair shop and earns US$ 5 per day. Sumiati needs a loan of US$ 75 to buy more chickens to raise so she can expand her business. She is willing to repay this loan within a period of 12 months." - Sumiati Wardi : Indonesia



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