...so let us tell you about this spirited non-profit organisation that supports a great idea - Kiva.org
Named as one of the top ideas in 2006 by the New York Times Magazine, Kiva.org is the world's first person-to-person lending marketplace for the poor. Kiva's goal is to reduce global poverty by letting consumers lend to and connect with a specific developing world entrepreneur online. In a little over a year, Kiva has rapidly grown to connect 65,000 Internet lenders to thousands of entrepreneurs in 30 developing countries.
Kiva.org allows individuals to make $25 loans to low-income earners in the developing world (microfinance). By doing so, individuals can provide affordable working capital for the poor (money to buy a sewing machine, livestock, etc.), empowering them to earn their way out of poverty.
Headquartered in San Francisco, Kiva is a 501(c)3 non-profit internet start-up that has a rare opportunity for dramatic growth and profound systemic impact. Have a look at their website, see what they do and read about their great press feedback.
Go to Kiva.org
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[Status: 01.02.2009]
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