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Kiva – Philanthropic Microlending

Posted By Jim On 10/31/2005 @ 11:48 pm In Philanthropy | No Comments

Kiva [3] is a philanthropic microlending organization that lets you give small loans to entrepreneurs in the developing world. In reading about it, I fell in love with this idea. Basically, you can lend (or you can donate) money to businesses (micro-business) in a developing nation. Read their about page [4] for more information.

All of the loans so far have been with businesses in Uganda and in the amount of $500 (there are a few $300 loans) but currently there are ZERO businesses in need of funding! Well, if they find some more businesses in need, I hope to lend $100 and look forward to my new life as a venture capitalist.

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[3] Kiva: http://kiva.org

[4] about page: http://www.kiva.org/about.php

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