Wednesday, May 14, 2008

loans that are changing lives


Just $25 can help break the cycle of poverty. I had read about this previously but I finally just got around to signing up now that I have started the 29 giving challenge.

Kiva is non-profit which lets you loan money to the working poor around the world. It is a lending site for no interest micro loans where you can choose the entrepreneur in whom you would like to directly invest instead of giving to an organization to distribute. When your loan is repaid you can then choose to withdraw it or loan it to someone else to give them a chance to expand their business. Throughout the loan period you can receive updates and monitor the progress of your loan.

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