Monday, July 16, 2007

I'm A Loaner

I'm happy to have a positive update on the Kiva Microloans (see ad to the right). I've opted to help two businesses, one in Uruguay and one in Nigeria. Both have made their first repayment on time and they paid more than the minimum. I've been waiting to see how it worked before lending more money, so this is definitely a good sign. I have to say that it is very fulfilling to know that these very small businesses have been able to get a hand up from a growing community that has a bit of extra money. Also these poor entrepreneurs do not have to go thru their nations bank, who would not lend them the money anyway, or thru their friendly neighborhood loan shark, who would have to pre-break their kneecaps.

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