About six months ago I posted a blog Check Out Kiva. For those of you not familiar with Kiva, it is a micro-lending site. Their vision is to "Empower People Around the World with a $25 Loan". Yes, that's right, your $25 loan goes a long way to helping impoverished people start or expand a business or finance life changing improvement. Last Novemeber when I posted my blog, Kiva had more than 634,000 people like you and me who banded together through Kiva to loan more than $253 million to poor people in 60 countries. Today 764,000 people have loaned more than $311 million!
Here is how it works. You don't even have to use your own money for your first loan. Just click on this Special Link and you may be eligible to receive a $25 credit in your account for your first loan. You pick the country or the type of loan you would like to fund and read a little bio about the person (or group) who needs a loan, then you loan them the money through Kiva. The interesting thing is that almost 99% of the loans are repaid!
So far I have made ten loans, three of them have been fully repaid and the rest are on schedule for repayment. So you can re-lend the same money over and over again. You can also withdraw the funds from your Kiva account at any time.
I also set up a Quantum Lending Team on Kiva that allows us to work together and communicate about Kiva.
I urge you to check out Kiva and join the Quantum Lending Team to make a difference - around the world! Hope to see you soon on Kiva!