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November 02, 2005
Micro Loans Made Easy!
Here's a really interesting idea - a web site that lets individuals make micro loans to small entrepreneurs around the world.
From their website:
"Kiva is the first and only existing option for you to make a loan to a unique microenterprise. No other organization offers the opportunity to loan - instead of, or in addition to, making a donation - to a real person and then get your money back. Furthermore, when you loan to a Kiva business, every dollar you loan goes to that business. Kiva is a very low-overhead organization that raises money offline to support its small budget. None of the money you loan goes to fund administrative costs."
What a great idea!
