My first Kiva loan is paid back!
Just over a year ago I made 5 loans on this great service called Kiva
Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can “sponsor a business” and help the world’s working poor make great strides towards economic independence.
My first loan was to Teodoro Gonzalez who needed a $1500.00 loan to make a go of his independent barber shop with his brothers. 27 other lenders and me split up the loan for Teodoro. Now I have got my $200.00 fully paid back and can find another person to loan it to.
You don’t get interest or tax credits and you can take out your money once it’s paid back but why do that when you can use the same money over and over again to help people like Teodoro create a better life for themselves.
If you are ever in Nuevo Laredo I know a great barber!
That is brilliant. I have been thinking of doing the same and just did some research on a couple of services that do micro lending. Kiva still stands out! So I am going ahead with it.
Leila Boujnane
January 11, 2008 at 9:00 pm
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