Forums: Discussions for entrepreneurs and small business.

While listening to one of many podcasts, the site www.kiva.org was referenced.  Wow, what an amazing site.  This organization helps fund entrepreneurs in developing countries with small loans.  Kiva partners with existing microfinance institutions to provide the funds to the businesses.

You can look through the people and their businesses and start helping people $25 at a time.  The idea is like with any loan, is that the funds are repaid.  Where these types of loans differ is that there’s no requirement to pay interest.  Kiva actually has a repayment rate of 100%. Exceptional given the nature of the loan business!

This is how it works:
After going to Kiva.org, you can look through the various entrepreneurs and you can read more about their businesses.  Along with the profile, you will see how much money has been raised for their loan and you can make your donation via PayPal.  Kiva transfers the funds to its partners for local distribution.  The partner collects repayments and finally the funds are returned to the lender (you).  Then you can do the whole thing again!

It’s a wonderful way to “pay it forward” and to give back to society.  I really think that SUN as a whole should get involved with this organization.

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Daniel the Denim Doctor

Ujeans,

Excellent suggestion. The SuN Nation could change the world through Kiva.

Thanks - R@

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Richard Arnold · Key Concept Writers · Business Communication: The "Key" To Success· Law of Attraction Blog · Life Ain`t Brain Surgery Blog

I have known about kiva.org for a while now and I decided right when I launched my business that I would fund a business on there at the same time.  I fully funded a loan for a woman in Kenya and she has started partially paying back the loan.  I like this idea quite a bit because you`re helping people start, maintain and grow their business and they are self sustaining.  I also felt it would be good karma for me and my business to anonomously help someone, more or less, in the same situation as me!

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Stay tuned...coming soon

This is a very cool idea. I`ve often wondered if there was a way to help out people in other nations to build themselves a better life. I will be checking out this link. Thanks for posting!

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Hey How are you doing. My name is Jarvis Alexander and I just became a member of the Start Up Nation I would be really to open suggestions coming from a real Businesswomen. So feel free to check my profile and leave me a message O.K. talk to you later. 

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regards,
Steve
www.entrepreneur2b.com




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Steve Seah www.entrepreneur2b.com www.mywealthcreationstrategy.com