a preponderance of punctuation marks (reedrover) wrote,
a preponderance of punctuation marks

Kiva microcredit loans

Long ago, Vvalkyri pointed me in the direction of Kiva, a group out of San Francisco that helps fund microfinancing around the world. I like their partnership model, and I like their layout. No one can put all of their monetary eggs in one basket loan, so the risk (and joy of success) is shared among lenders.

Originally, I put in $100. That money has cycled through and come back to me a few times since I started, and today I just made my 12th loan. Six have been completely repaid. I don't make withdrawals (though I do make donations to Kiva's operating expenses), which means my money is coming back to me to be re-lent to the next person who applies for funding. I've made loans to a taxi driver, a farmer, a female mechanic in Bolivia, general stores, and grocery stores. Today, I made a loan to a beautician.

If anyone wants an invitation to Kiva, please let me know.
Tags: giving, world

  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.