Lending Money to People who Need It, Made Easy

Just found out about Kivaoorg, an organization that gives micro-loans to poor people around the world.

The ideas is that you, yeah, you, go there and lend a small amount of money, say $25, to one of the businesses that need a loan. The loan is then transferred to the business in question via partners in the country, and the money is put to use. You will then get updates on how the business proceeds.

Once the loan is repayed, you get your money back. You can then choose to lend the money to another business, or get it back via Paypal.

Nice! I just lended $25 to a company in Uganda using my VISA card. I can do without that small amount, and the reward from helping someone in need is worth a lot!

Written on September 28, 2006