Tuesday, January 13, 2009

KIVA and Micro-Financing

I am a big fan of KIVA and micro-financing. It is most sustainable way of social development as far as I can tell. With very small savings of people in the developed world, it enables under-priviliaged people becoming entrepreneurs in the developing world. This does not only impact life of the entrepreneurs but also their communities by creating a multiplier effect

KIVA, as a platform is easy, transparent (even about the credits that so not return) and they are good at marketing themselves. Here is a nice video explaining how it works:

A Fistful Of Dollars: The Story of a Kiva.org Loan from Kieran Ball on Vimeo.

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