I 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]
Nick Aster is a new media architect and the founder of TriplePundit.com
TriplePundit.com has grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.
Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for TreeHugger.com, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.
Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.
Follow Nick Aster @nickaster