Friday, October 15, 2010

Kiva.org - micro loans to relieve poverty

Hi:
Latest donation is to Kiva.org. 


Actually this is a micro-loan vs. a donation.  But I plan to keep lending back into Kiva indefinitely by recycling the money as the loans get paid off.   Kiva is a cool organization as the website says;


"Kiva's mission is to connect people, through lending, for the sake of alleviating poverty. Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending."


My loan went to support a group of people in Peru - specifically towards buying  fabrics and tools for a clothing business.  


Relieving poverty by helping to make people self-sufficient?  I'm in.


Michael

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