Friday, December 12, 2008

Microlending: Invest in the future

Task: Lend small amounts to aid entrepreneur's.
Effort level: Minimal
Investment: Money
Who: Anyone

Mohammed Yunus, the founder of Grameen Bank, won the Nobel Prize for Peace in 2006 for his application of microfinancing to help aid the poor in Bangladesh. Kiva is the first website that enables people like us to lend to those in need in an effort to alleviate poverty. The concept follows the idea - "Give a man a fish and you feed him for one day; Give him a fishing rod and he will feed himself for a lifetime".
Very easy. Visit their site, search for a project and donate $25 or more. The money is distributed through their partners to the borrower who uses it to start their business. As their business takes shape, they return the money. Then hopefully you re-invest this money in another business and the cycle goes on..So, what do you have to lose?
My family is currently deciding the business we want to invest in this Christmas..

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