13 December 2009

Kiva- Loans that Change Lives

Thinking about biofuels in rural communities the other day reminded me of Kiva- a website that connects lenders to entrepreneurs in need.

?!

Kiva is a microlending organization where you can choose from tons of entrepreneurs all over the world who are trying to start businesses to get their families out of poverty

One of my friends got a 'Kiva gift certificate' for her brother for the holidays. With it, he'll be able to choose what project he wants to give a start-up loan to, and in 6 months, they pay it back.from the site: Rosalinda Rosales, 30, is married and she's an artisan. She makes typical sashes. She lives with her children and has been in this line of work for 8 years. She lives in Paraje Xecaja, which is in the Poxlajuj territory of the department and municipality of Totonicapán, Guatemala. Currently, demand for her wares has increased but her economic situation does not permit her to increase her capital. For this reason, she has called upon Asociación ASDIR to request financing to buy raw materials with which to increase her sales hoping, thereby, to help her family get ahead in life and to have better living conditions.

What do you guys think?

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