Kiva and Microloans
Tuesday, November 1st, 2005Kiva is a site that helps entrepreneurs in developing nations start their businesses via microloans, a brilliant idea that demonstrates what is best about the internet. Offer a small loan, say $25, to a business — at the end of the loan period (usually 6 - 12 months), you are repaid. If, for some reason, the loan recipient defaults, the loan is considered a donation.