Sunday, August 25, 2013

Kiva



If you’re not familiar with Kiva, it’s a non-profit that manages micro-loans for people with small businesses. You can review and select who you loan to, and when the loan is paid back, you can loan the money out again or keep it yourself. I set this up a few years ago, and have been lending and re-lending ever since. So far, we’ve loaned money to a fabric seller in Togo, a seamstress in Ecuador, a shepherd in Tajikistan, a carpenter in Mongolia, a blacksmith in Iraq, and window and door maker in Iraq.  So far, I’ve had a 100% payback rate which has allowed us to continue to lend money to others. I wholly support this model of giving since it allows people to work on their own and hopefully create a sustainable business.