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Kiva – A Grameen Bank Model Run by You

| Wednesday November 2nd, 2005 | 1 Comment

kiva.gifI haven’t done a great deal of reading about this organization (other than what was on Boing Boing the other day), but it’s a really incredible idea. Microlending to needy people in the developing world – funded by single, individual donors like you and me. You can visit their website, and look through a list of real people (currently only in Uganda) who are looking for a loan to start or improve their business. It’s usually about $500. There is a reasonably high level of transparency in tracking exactly what happens to your money, communication with the recipient, and (hopefully) you get your money back in several months. There is no interest on the loan, as the idea is still charitable. [check it out]

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