KIVA helping out 3rd world countries

[Dayclone]

If you go to the website "http://kiva.org" without quotes,
is this another way to make money or small amount or money
in return, and anyone ever heard or tried it?

Steve

[canadian_hustla]

this was actually featured on frontline about 3 months ago, they had a 30 min blurb about KIVA being active in Africa. If I am not mistaken, KIVA was founded in San Francisco and was created to help raise money for entreprenuers in 3rd world countries which in term would raise standard of living for them, + you get your money back with satisfaction knowing you helped

I don't think you can actually "make" money other than interest only if I remember correctly

I am interested in trying this, it would be a nice way to stimulate these 3rd world economies.

[Kritafo]

Kiva.org allows individuals to make $25 loans to low-income entrepreneurs in the developing world (microfinance). By doing so, individuals like you provide affordable working capital for the poor (money to buy a sewing machine, livestock, etc.), empowering them to earn their way out of poverty.

It's a new, direct and sustainable way to fight global poverty, and the way I see it, I get a higher return on $25 helping someone build a future than the interest my checking account pays.

Anyways, if you have a minute, please check out the site: http://kiva.org. If you need more "reputable" validation than my recommendation :), know that they have received great press in publications ranging from The Wall Street Journal to NPR to BusinessWeek.

[Dayclone]

Nice well thanks for the info on that guys, I just heard about them from a friend and decided to do more research. But yeh I think that this organization is actually a great way to stimulate third world countries.

Steve