A community portal about Microcredit with blogs, videos, and photos. According to Wikipedia.org: Microcredit is the extension of very small loans to the unemployed, to poor entrepreneurs and to others living in poverty who are not...
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A community portal about Microcredit with blogs, videos, and photos. According to Wikipedia.org: Microcredit is the extension of very small loans to the unemployed, to poor entrepreneurs and to others living in poverty who are not bankable. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimum qualifications to gain access to traditional credit. Microcredit is a part of microfinance, which is the provision of financial services to the very poor; apart from loans, it includes savings, microinsurance and other financial innovations.
I have been a long time donor to Kiva.org, a peer microfinance lending site that has been around for several years. When I first heard about it I thought it was an interesting idea and donated some money to fund a few different third-world start up businesses. read more
SAN JOSE, Calif. - You may have seen the brightly colored Kiva billboard on California's Highway 101, urging motorists to "Make a micro loan today. Forever change a life." Maybe you've heard Oprah Winfrey or Bill Clinton talking about the online microfinance operation started by a Silicon Valley couple....
You’ve read the blog post, scanned the tweets, digested the New York Times story…now see the play. Or read it anyway:
BILL: Hey, what are you looking at there?
PENNEY: Huh? Oh, this? Just the most horrible news ever.
BILL: What? What happened?
PENNEY: Look at this article by the New York Times. It’s an [...]
Kiva transparency commentary: "I suspect that most Kiva users do not realize this." The controversy is summarized by the NY Times. See also: MetaFilter Kiva team, and a microfinance gateway. Links harvested from the estimable CSRL newsletter.
Reporter Stephanie Strom wrote a story in today’s New York Times about my blogging of Kiva in October, and the issues it raised. She goes beyond my post in writing about GlobalGiving. Naturally, I think it’s a fascinating article.
The article also quotes Tim Ogden of Philanthropy Action:
The problem is that they [socially connected nonprofits] are [...]
1. The borrowers at Kiva are industrious and often have great needs and specific business plans for the money. They are not simply trying to appease the great American consumer God. 2. The borrowers at Kiva pay their loans back. There are no defaults. The defaults and shadiness over at Prosper are only recently starting to bloom into a big nasty mess. 3. There's a much greater social and huminatarian cause in helping borrowers on Kiva from Third World nations. You are empowering people who don't have many other options. These are people who are ambitious and driven by a need to provide for ...
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Just saw a riveting BBC report called Beyond a Dollar a Day . It showed the importance of supporting entrepreneurship in developing countries if they are ever to climb out of the bottomless chasm of poverty. It referred to aid as " pain relief " but not a cure, and showed how micro loans can truly make a difference in people's lives. This spoke to my heart. I discovered micro loaning a few years back when I became a loaner to Kiva .org . It allows you to contribute money to an account and then lend it out in $25 increments to the person/group ...
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Kiva is a still relatively new web site that was created so that anyone with at least $25 to part with can willingly offer an interest free loan to someone in an underdeveloped nation. Usually the start-ups are only looking for loans of $500 to $800. You can give as much as you want or at least $25. These businesses are often home-based, agrarian or service related. The terms of the loan are disclosed in each listing. Each listing has a picture and a description of how that person is going to use the money. It's a humanitarian concept that is both rewarding -- ...
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I pledged that no matter what - in every preparation, activity and event related to Christmas that I was involved in - I would have love in my heart. I vowed not to say I was stressed out, complain, nor get grumpy in the crowds. I want to wring every possible joy out of this special time of year; to simplify; be more authentic in my giving; and to give while I live . I set out to buy gifts that are responsibly and ethically produced. This has turned out to be harder than I anticipated. Discouraged after wandering big box stores and reading ...
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The Kiva leadership is gathering ideas for a YouTube contest. They are looking for short clips that will help promote Kiva. There will be prizes involved. Check back at Kiva.org for the contest announcement. Or, to offer your own suggestions go to Kivafriends and post an idea on their message board.
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