I came across Kiva.org today. I remember hearing something about them a while ago but hadn’t caught the name of the company.
Kiva.org allows individuals to make $25 loans to low-income entrepreneurs in the developing world (microfinance). By doing so, individuals provide affordable working capital for the poor (money to buy a sewing machine, livestock, etc.), empowering them to earn their way out of poverty.
It’s a great way to fight global poverty, and the way I see it, I get a higher return on $25 helping someone build a future than the interest my savings account pays. It’s nice to think that I can make a difference to others.
They have received great press in publications ranging from The Wall Street Journal to TIME to BusinessWeek.
I’m joined up under eCraftWorld, which is the successor to my eTatters.com site. I’m putting a portion of all funds raised there to this, so now people can join my site and help those in need at the same time.
Visit my Kiva.org lender page to see who I’ve loaned money to so far.