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  • Microlending for Beginners

    Aid

    In the spirit of teaching a person to fish as a means of self-sufficiency, http://www.kiva.org enables anyone with a PayPal account to lend funding to aspiring entrepreneurs in developing nations. With a minimum of a $25 contribution, individual lenders can cruise the website for potential candidates and learn about their location, proposed business agenda, and repayment time frame. With Kiva.org, helping out is no longer an act of faceless charity; because the means of support is a loan as opposed to a donation, finances of both the lenders and the borrowers are bound together in a culture of mutual accountability.

    article on Kiva.org in GOOD Magazine: http://www.goodmagazine.com/section/Portraits/DIYVentureCapitalists

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