May 8, 2010

Microcredit (Make, Part 4)

In class with Anna Q on Friday, she showed me the website of the Kiva foundation: http://www.kiva.org/. This is a non-profit organization which connects people with small business owners who need to borrow specific amounts to develop their businesses. The majority of the borrowers are in the developing world. Businesses range from farms to shops and you can make an investment of as little as $25. Your money is paid back on a schedule, without interest, and you have the option of making another investment, taking the money, or donating it to Kiva. Anna has made multiple investments with this foundation, and I found the concept really intriguing.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.