Kiva

KIVA

THIS is what the Internet should be about: one-to-one assistance.

Kiva is microfinancing and microloaning. An entrepreneur or tiny business in need of money, generally in an underdeveloped country, requests a loan. We lenders each loan a portion of that amount directly. Once the necessary amount is raised the loan is sent to the recipient who uses it to develop their business or activity and they pay it back in installments to Kiva. Kiva then distributes the money back to the lenders.

Absolutely everyone wins in this situation: tiny businesses and individuals who would generally not be able to obtain this sort of loan from a "normal" financial institution get the money they need and they pay back in reasonable installments; lenders participate in helping individuals and businesses around the world AND lenders get their money back over time; Kiva, who do not take a cut or a percentage on the actual loan, receive donations from the lenders throughout the process.

Microloans and microfinancing: A win-win way of doing business and feeling good about business at the same time.

Big banks beware!

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