“Has a charity ever announced that it had enough money?” Kiva.org did.
Their website, which allows visitors to fund start-up ventures for women in third world countries with micro-loans as little as $25.00, announced in January that every business in its database had been fully funded.
Almost a quarter million people with one click have funded $19.5 million worth of loans.
But don’t worry, a new batch of loan-seeking entrepreneurs have been added to Kiva.org, and the funding goes on.
(READ the story in the New York Times story)
I remember seeing this at Kiva’s site and I was absolutely amazed. It is a brilliant model, because it helps people around the world run a business and become self-sufficient. And to see so much generosity on the part of everyday people who become lenders is very gratifying. Thanks for the post, M. Mealey!
YES! More of this can change the world!