Friday, March 30, 2007

Loans That Change Lives

Kiva is an organization that helps entrepreneurs in third-world countries get funding for their business projects:
This group lets you make microloans to fund specific small business ventures for people in poverty in third world countries. One guy took out and repaid (in 2 months) a $25 loan for bicycle parts to start a sidewalk repair business that now feeds his whole family, including his dead brothers children. The repayment rate on these loans is 96%!!!