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I just finished re loaning some money through Kiva.org. Kiva take money from people and loans it out through micro loans to people, in poor countries, that need the money to grow their businesses, and in turn improve their lives. It works by several people loaning $25 each. Most loans are around $1,000. Each month you get paid back a certain amount, until you are paid back. You don't earn interest, but the $25 loan helps. Once you get it back you can re loan it or take the money back.
I just loaned $25 to a family in Afghanistan, so that they may grow their business selling fruits and vegetables. Each month I will get back a few dollars until the money is paid back.
I hope to turn this into a monthly event, as a family we decide who to loan money that month. I encourage people to visit kiva.org and look at their system, then hopefully get involved. $25 is not much for most of us, and it makes a huge difference lifting people out of poverty.`The best part you get all or some of your money back. The default rate is less than 2%.
Steve
I just loaned $25 to a family in Afghanistan, so that they may grow their business selling fruits and vegetables. Each month I will get back a few dollars until the money is paid back.
I hope to turn this into a monthly event, as a family we decide who to loan money that month. I encourage people to visit kiva.org and look at their system, then hopefully get involved. $25 is not much for most of us, and it makes a huge difference lifting people out of poverty.`The best part you get all or some of your money back. The default rate is less than 2%.
Steve