Tuesday, January 9, 2007

Innovative approach to microloans

KIVA

Kiva is the first microlending Web site designed to provide individuals with the ability to connect with and make personal loans to small businesses in developing countries. Founded in 2004 by Matthew and Jessica Flannery, Kiva's goal is to reduce poverty in developing countries by giving entrepreneurs the ability to build their businesses through flexible loans with six-to 12-month terms. Kiva allows individuals to act as a "micro VC" by loaning directly to entrepreneurs with feasible business plans. Kiva is headquartered in Palo Alto, CA. For more information about Kiva, please visit www.kiva.org.


"I want to thank my donors who made it possible for me to see great success in my business"
- Elizabeth Omalla
Fish Monger, Uganda


My Note: This is a site worth visiting. If you decide to particpate, please read all conditions very carefully and invest responsibly.

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