Kiva is the world's first person-to-person micro-lending website. Using this site, you can directly to entrepreneurs in developing countries. This is an interesting model to let individual lenders select the person to whom they want to make a loan. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates and track repayments. Then, when you get your loan money back, you can relend to someone else in need. Here's the link: http://www.kiva.org/.
Read a blog posting from a Kiva Fellow in Indonesia.
Wednesday, November 12, 2008
Kiva: Person-to-Person Microlending
Labels:
developing countries,
entrepreneurship,
Kiva,
loans,
microlending
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