Sunday, August 16, 2009
Kiva- loans that change lives
I had an e-mail tonight from Kiva, the micro loan organization telling me that I had a credit from some of my loans being repaid. So in less than 10 min I had reloaned it to a woman in Peru that is running a small bookstore. This is my seventh loan and so far i have had a repayment rate of 100%! Two of the loans are totally repaid, the other three are 83%, 58% and 26% repaid. Not bad for a 100 dollar investment on my part. This is such an easy way to help people that I hope I can encourage people to give it a try
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2 comments:
Upon your advice, I have done a Kiva loan. Your right, it does make a person feel better. We give $ to people and they eat for a day. Projects like this feed them every day.
Hi Anon,
I am glad to hear you did it! I am generally not in favor of debt but this is different. They are not borrowing to buy consumer goodies but to launch or expand a small business to make a better life for themselves and their families. And the business helps out the communities they are in. Congrats!
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