I sponsored another Micro Loan to a woman in Ecuador through Kiva.org - Pay It Forward
I love working with Kiva.org. It's a GREAT site that lets you provide small, $25 micro-loans to impoverished people around the world who are trying to start or grow their own small businesses.
You, along with a number of other people, provide a small loan as a group to select individuals, and the loan gets repaid and back into your account to lend out again!
The loan and repayments are supervised by individual financial organizations throughout those particular areas of the world.
I've been working with Kiva.org for about 4 years now, and have provided dozens of micro loans, and have a 100% re-payment rate with no defaults.
I tend to choose women in different countries to lend the money to, mostly because they do not have as much opportunity as men due to the disparagement of women in many countries.
Anyway, my assistant Lea and I work together on choosing candidates.
This week we chose Rosa from Ecuador because she is a hardworking young single mom that works hard in order to take care of her young daughter. Rosa works long hours to provide for her little one. Which we as parents know that is not an easy job, but certainly well worth it!
For more information on Rosa please visit the link:
http://www.kiva.org/lend/294144
I was just looking at this yesterday on behalf of a friend who is starting a business in the Phillipines trading carbon credits. I haven't made any investments myself but as I read more stories like this I think I just might do it.
Hi Richard,
Great stuff, your previous post inspired us to join Kiva, and we have since started 5 micro loans that are now all fully funded, (all withing a few days) and it is very cool to be part of this organization and feel connected with something profoundly positive and supportive for those that just need a little help.
Good job Richard! I am looking into this myself and seeing that many of us here at AR have been doing their part successfully not only here but worldwide too, I just may push it a bit further too!
Richard, thank you for sharing this great info with us, what a terrific concept and I will definitely look into this. Again, your leadership is highly appreciated. :) May God richly bless you for your generosity.