I’m not sure how I came across this organization but Kiva seems to be a cool way to get involved in microfinance. This organization is an amazing application of the peer to peer network model. The idea is to match investors to entrepreneurs and create a flow of capital that gives people the opportunity to develop sustainable income.
I could ramble on trying to explain it but I think your better off reading their version of what they do. They seem very transparent with their finances and system….you can even sort the entrepreneurs by those that have defaulted. So there is some risk but I think it’s totally worth it (it’s basically a revolving gift). I haven’t created an account yet but it’s got my attention.
Ouch….sorry…..this the second finance post in a row.
