01 Nov | Kiva – 4 Micro Loans
We’ve had a decent run with things lately so I paid a visit to our friends at Kiva and set up another 4 micro-loans to those in the world who are a little less fortunate.
For anybody who is unsure of what Kiva is all about, I could wax lyrical for a few paragraphs but it’s probably more beneficial to watch the little youtube video below and to your right entitled, “Kiva – The Pedro Story”.
The basics for the video skippers:
Kiva’s mission is to connect people, through lending, for the sake of alleviating poverty. Kiva empowers individuals to lend to an entrepreneur across the globe. By combining micro finance with the internet, Kiva is creating a global community of people connected through lending.
Opening an account at Kiva is a quick and simple process and you can be up and lending in a matter of minutes. You can choose to lend on a number of criteria including gender, country or sector or any combination you choose.
After signing up, you can log in at any time and click on my portfolio to check out where things are at.
Over time you’ll receive updates on those you’ve lent to along with repayment reports. When your loan has been repaid in its entirety, simply re-visit Kiva and begin the process again. It is as simple as that. Now that’s money really going to work, huh!
Rather than re-invent the wheel, Investor Trader has teamed up with a sister-site, 2Camels Festivals and Events to set up a Kiva lending team. It’s a way for us to all band together and get behind Kiva. I’d love it if you joined us.
Here’s a link to a geographic representation of the loans I’ve made to Kiva so far. Click on the flags to get a little more info on each of the lenders. Okay, so I ain’t no Bill Gates just yet, but we’ve all got to start somewhere!
I urge you all to pay a visit to Kiva, even if it is just to get a feel for what they’re doing. Grab a gift certificate for someone you love or share the word by adding a Kiva link to the signature of your email. It all helps. Thanks again for dropping by.