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Comments [15] Online Investing In Developing NationsPosted Nov 13th 2007 2:40PM by Jeff Douglas
Filed under: blackspin
Here's a way you can give back, and get paid back.
Kiva.org is a new Web site that puts individuals in touch with small entrepreneurs who can't qualify for bank financing for their business. It's called online micro lending.
Kiva lets you find and loan money to unique small businesses in the developing world. Those who sponsor a business help workers, farmers and entrepreneurs find economic independence. People can go online to loan money, sometimes loaning as little as $25, and the loans are repaid. You also follow the progress of the business online.
Check out the video and see how one farmer in Kenya used just a few hundred dollars with a Kiva loan to expand his business.