Kiva Payback
Wednesday March 26, 2008 // Share on Facebook
Just got notification that my Kiva loan has paid back $102 of the original $150. I lent the money to Venta de Tortillas, a tortilla sales company, back in September and it’s scheduled to be repaid by June. Then I’ll take the $150 and loan it out again.
Kiva allows individuals to make $25 loans to low-income entrepreneurs in the developing world (microfinance). By doing so, individuals like you provide affordable working capital for the poor (money to buy a sewing machine, livestock, etc.), empowering them to earn their way out of poverty.
This entry was posted on Wednesday, March 26th, 2008 at 9:56 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
