Friday, February 23, 2007

Kiva - Microloans Process

I was visiting a friends blog today and I came a cross a site that was listed at her page. The organization is called Kiva.org. Kiva provides a simple way of getting involved in the world around us. Participants, meaning us, provide microloans to someone on the website.

Microloans have been recognized as one of the best ways to help the poor get out of poverty. Because the money is small the lender takes less risk and the opportunity becomes much more available to the average person to help. In third world country's loans can be as small as $50 but they help build the dignity of the person behind the loans. Repayment in certain countries is extremely high because of the process.

Take a look.

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