Kiva.org

Apr. 3rd, 2008 06:36 am
melwil: (Default)
[personal profile] melwil
I'm currently reading Bill Clinton's book - Giving - and there was an organisation mentioned in it that has stuck with me.

So I went to Kiva and checked it out. Kiva is an organisation that allows people to lend money to support a particular microloan around the world. You get to pick who gets your money, they have an interest free loan they can use to build their business, and you can lend as little at $25 American dollars (When I added a small donation to Kiva itself it worked out at $30.90 Australian).

They have a really high repayment rate, and if loans are not repayed, it's still a low donation to help someone. When you are repayed, you can donate the money again are get it back. I loaned to a furniture painter in Lebanon this morning, and actually finished off the loan for him. Hopefully I'll be able to make some more donations in the future to help more people.

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