Kiva

If you know of a way to help save our planet, even just a small part of it put it here. Also if you want to ask how to help, or even if you want to promote your environmental organisation. All goes here.
Post Reply
Ellendra
A selfsufficientish Regular
A selfsufficientish Regular
Posts: 765
Joined: Sat Nov 03, 2007 2:15 am
Location: Wisconsin, USA

Kiva

Post: # 111044Post Ellendra »

I just found this website: http://www.kiva.org/

The company screens entrepreneurs in developing areas who are looking for microloans, then posts their loan applications online. Anyone who wants to can lend them money in increment as small as $25. For instance, if a potato farmer in Peru loses their seed crop to blight, they can apply for the loan needed to buy new seed to restart their farm.

Kiva's default rate is only 2%, most banks can only dream of that.

I thought it was neat.
Top
Post Reply

Return to “But what can I do?”