Tuesday 5 May 2009

Kiva.org


Today I joined Kiva.org.

Kiva's mission is 'to connect people through lending for the sake of alleviating poverty'.

All the entrepreneurs on Kiva are real people from across the world in need of money to set up their own businesses. They pay the loan back over a period of time and the lender can then loan the money to someone else. You can choose who you lend your money to and I think they send you updates on how their business is going. $25 US dollars is the minimum amount you can loan (some people may need $600 so lots of people join in on the loan). You can also pay with your PayPal account. I donated some of the money I have made from Manca Un Bottone on the MadeIt site.
The above picture is a picture of Deborah from Nigeria. She needed a $350 loan, unfortunatley I couldn't lend her the full amount however I was the last person to donate so she will now be able to buy more produce for her store.

'Deborah Ibe sells foodstuffs. She hopes for a loan amount of N50,000 to purchase more foodstuffs to sell. Deborah is 38 years old and married with a child. She promises to repay her loan promptly. She says Thank You to all Kiva lenders.'

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