Last Tuesday night, I saw a wonderful story on Frontline/World that featured microcredit in developing countries. It showed how Kiva.org allows anyone in the world access to technology for providing loans to the working poor who've created small businesses to support their families.
As noted on their website, "Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can "sponsor a business" and help the world's working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you've sponsored. As loans are repaid, you get your loan money back".
What a great idea and great use of internet technology! And what a lasting legacy the co-founders and members of Kiva are leaving to people of the world!
Here's a link to the the Frontline story and video to watch:
FRONTLINE/WORLD . Uganda - A Little Goes a Long Way . Story Synopsis and Video . PBS
I look forward to joining Kiva and making my first loan. If you're already a member or planning to join Kiva's program, I'd appreciate hearing from you.
Monday, April 16, 2007
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