How Your Loan Can Change Lives
My middle school daughter is studying Africa in Social Studies right now. They are learning all about the history of the country and the hard times that some of the countries are going through currently. Their Social Studies teacher decided that it would be a great idea to really get the students involved and he introduced them to Kiva.org. Kiva.org is an organization that lets you loan money to entrepeneurs in
the developing world. This in turn helps to lift them out of poverty.
How does it work? You are able to loan money to a small business that you choose. The loans usually last from 6 months to 1 year – as the loans are repaid you get your loan money back. You can even choose to receive email journal updates from the business you sponsored. Here is the Kiva.org loan cycle:
Will you get repaid? So far, Kiva has experience a 100% repayment rate on all businesses with completed loan terms. In the past 30 years, over 100 million of the world’s poor have received a mciro-loan and demostrated a greater than 95% repayment rate.
HOW CAN YOU HELP??
I just made a loan to an entrepreneur named Lucy Wanjiru Wangare in Kenya. They still need another $600 to complete their loan request of $750.00 (you can loan as little as $25.00!). Help me get this business off the ground by clicking on the link below to make a loan to Lucy Wanjiru Wangare too:
http://kiva.org/app.php?page=businesses&action=about&id=3795&referralId=
UPDATE: Lucy has been fully funded!! Check out a new person to fund on my sidebar!
They take credit cards or paypal, so it is very easy!
My daughter’s middle school is taking donations of $5.00 for the loan that they are going to complete. If you do not want to be repayed, but would still like to help, email me and you can donate a small amount through PayPal. Any fund repayed to the middle school will be loaned again to new businesses.
29 January 2007, 1:24 am
Kiva is such a great idea. I love this.
29 January 2007, 1:25 am
Very cool concept!
29 January 2007, 2:14 am
Really nice idea! I’m here via the carnival
29 January 2007, 2:45 am
[...] Cecile Pryor presents How Your Loan Can Change Lives posted at Work At Home Musings. This is an interesting article about how a small donation can help lift people in third world countries out of poverty. [...]
29 January 2007, 4:15 am
What a wonderful idea.
Here from the Postie Carnival. Have a great day.
29 January 2007, 11:11 pm
What a cool idea!
30 January 2007, 1:56 am
What a great concept! I never heard of this before.
30 January 2007, 4:05 am
Mahalo for the update! Wonderful to know that Lucy is now fully funded.
30 January 2007, 6:04 am
Great find. And well written.
30 January 2007, 3:01 pm
I’m coming from the Carny.
Wow this is an amazing idea. Great for Lucy! Thanks for sharing