Kiva.org - Micro-loans Saving the World

Avatar http://www.pbs.org Posted by admin 450 days ago

I had to post about this. I just saw a story on Frontline / World that had originally aired last October. This is awe inspiring in so many ways.

To summarize, Kiva.org provides a web site the provides micro-loans to very small businesses all over the world. Lenders are individuals that use their credit cards to provide funds to very small business that petition for their loans on the site: www.kiva.org

I find this truly inspiring on so many levels. Kiva provides the mechanism to get money from those who have to those who don't. But, not just that. These are people trying to help themselves and their communities by building small businesses - not individuals looking for handouts. In fact, the story said that loan repayment is 100%.

To me, this is what the promise of a web based worldwide community is all about. Watch the story.



1 Comment | Trackback | Tags: kiva.com micro-loans | Category: People | Add this link to... | Tell a friend

Comments


  • Avatar | written by dogman 441 days ago Rating: 0 | Rate comment: + -

    The US needs to adopt a similar program. Get the freeloaders off of welfare.


Log in to comment or register here.

Who supported this story


Sponsored by: Indoxyl Directory | Design by Student Web Designer | Powered By Pligg | Legal: License and Source Powered By Pligg | Legal: License and Source