Kiva.org is a new breed of microfinancing that puts great use to web 2.0 - connecting people to people.
Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can "sponsor a business" and help the world's working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you've sponsored. As loans are repaid, you get your loan money back. more...
http://www.kiva.org/
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3 comments:
I read about this a few months ago in the New York Times. Very interesting concept. Thanks for sharing.
What a fabuluos idea! Several of the requests were for minimal amounts of money that could help change a person's whole life.
Thanks for sharing this. there is a similar concept which loans money to family members. It is so interesting the turns which have occurred in the financial world. Thank you for finding and sharing this site.
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