Wednesday, December 06, 2006

First Repayment on Kiva.org

Kiva .org is microfinance peer-to-peer capital riasing organization focusing on impoverished area's of teh world.  It is a very, very cool idea.  I recommend everyone "lend" some money.

Anyway, one of the people I helped finance, has made their first loan re-payment.  Which is pretty cool, to think that down in Honduras, I helped finance a loan, they've used the money  and now they are paying it back. 

I'm new to the kiva.org thing, so this is my first loan payment I've recieved, my cut is only $2.11, but I only finance $25....anyway, its pretty neat to be part of an economy so far away, trying to help beat poverty by helping small business grow as opposed to straight charity.

No comments: