Here is another great example of how the Internet can really make a positive difference in people’s lives by connecting those who need small investments with those who can afford to invest.
“Kiva.org 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. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you’ve sponsored. As loans are repaid, you get your loan money back.”
What is great about the site is that you can choose from hundreds of entrepreneurs and projects and then follow their success (or failure) on-line.
According to Andrew who is one of the lenders:
I loan because: We so make so much money in the western world compared to people in developing countries. I’ve met families in Indonesia, Samoa, Cambodia and elsewhere whose monthly budget is about what I make in an hour. Thank you, Kiva, for making it so easy for those of us with some extra money and an understanding of the huge role that small loans can play in the lives of people around the world to help out a little.