What is Kiva? According to their web site,
Kiva lets you connect with and loan money to unique entrepreneurs in the developing world. By choosing a loan on Kiva, 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 entrepreneur you’ve sponsored. As loans are repaid, you get your loan money back.
They seem to be a broker of microloans for small businesses in up-and-coming lands all over the world. You pick a person/business, pick an amount to loan them, then Kiva supplies you with all sorts of graphs and charts to show you how your money is being used. You can also request emails from the companies you have given a loan to.
For myself it would be a good way to not have money in my pocket to burn while doing something good for the world.
Good idea it seems…let’s see how this effects the global economy in the next few years.
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