Microcredit

Microcredit

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... [more]

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.

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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  
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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....  
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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 [...]  
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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.  
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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 [...]  
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