Posts Tagged ‘microfinancing’

Helping people by lending money through micro credits

Monday, February 22nd, 2010

Kiva.org LogoI don’t know exactly how I found out about Kiva.org, but once I visited their website I just had to become a member.

Kiva.org is an online platform that helps microfinancing organisations around the world get in touch with (potential) lenders. Lenders select the projects they want to support after reading through the information page and can start helping by lending as low as $25.00 and as high as their budget tells them.

The only fact that made me hesitate starting to lend money was the high interest rates. It didn’t seem fair that the loaners had to pay 20+ % interest, but after some searching and reading I got convinced this isn’t an argument not to start helping out.

If you’re interested you can visit my lender page on Kiva.org to follow the loans I’m currently participating in.