Kiva anyone? (microfinance charity)

Capitalizt

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I just discovered Kiva.org and it seems like an awesome concept. Basically, it allows individuals to pool their resources to help entrepreneurs in poor countries get off the ground. You can make loans as small as $25 to someone who needs it. The cool thing is that once the loan is paid back, your account is credited and you can reloan the same funds to someone else, helping MANY people over time with the same initial investment (or you can withdraw the money via paypal if you really need it). The current repayment rate is over 98%, so these folks obviously know what they are doing. This just seemed like a great cause so I thought I'd spread the word here. If we get enough people, perhaps we could form a CAG group and get a little friendly competition going with the other groups on the site. ;)

http://www.kiva.org/about
 
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