Kiva

4 04 2007

Kiva is a website that facilitates loaning money to folks in developing countries who are trying to run a business.  The loan is interest-free so you don’t make any money; the idea is that wealth is shared in order to help people help themselves:

Kiva 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.

It’s a noble and inspiring concept.  If you want to be a "banker to the poor" take a look.

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One response

10 04 2007
Belinda

Hey Matt

nice link… there are some amazingly simple ways to help people.

The MFI revolves around the idea that by giving people economic opportunity they will be able to get themselves out of poverty. Excellent!

The only problem is that not everyone is an entraprenure (or can spell) which means only a certain proportion of people can be reached.

As well as this type of program people who must work as waged labourers (most of us) or as farmers need to be ensured aquate pay for their labour or goods.

To this end I would also suggest that there are a number of easy ways people can assist in this regard 1. buying fair trade tea, coffe, orange juice, soccor balls etc is actually easy – and the products are better than people like to pretend. Coffe companies like Jasper sell great fair trade coffee. Oxfam has info on where to buy it http://www.oxfam.org.au/campaigns/mtf/fairtrade/index.html
2. Buying products that pay the workers proper wages – like ‘No Sweat’ clothing http://www.nosweatapparel.com/index.html

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