This is great – keep reading!
As you may or may not know Muhammad Yunus and his Grameen Bank was awarded the 2006 Nobel Peace Prize for their efforts with micro credits (or microloans or microfinance) in Bangladesh.
Now you too can support a small business in the developing world! Just go to www.kiva.org and select a business you would like to support.
You will be paid no interest and there is no guarantee that you will ever get your money back, even though chances are high:
So far, Kiva has experienced a 100% repayment rate on all businesses with completed loan terms.
Prior to Kiva, our Field Partners have historically experienced a >96% repayment rate with the poor they serve.
In the past 30 years, over 100 million of the world’s poor have received a micro-loan and demonstrated a >95% repayment rate.
You can lend from USD 25 (with credit card or bank transfer through PayPal) and up and you will recieve status reports on how your investment is going.
I loaned $25 to Sophia Nasoro from Tanzania who wants to borrow a total of $1000 to grow her catering business.