Spread The Word

Your design superpowers are a force for good

Jason Pearl

Interesting article I came across: Kiva is the world's first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world.

Does anyone know of any similar ideas mentioned in this article?

http://www.thestar.com/article/468025

www.kiva.org

Share

Reply to This

Replies to This Discussion

I met a woman in Guatemala who worked for Kiva and she said they're facing a serious proble. People who gave microloans and had them paid back are not reinvesting. As a result, Kiva has a huge amount of money sitting idle and not being redirected to other needy programs. Legally, Kiva is not able to reinvest the money without the permission of the lenders and they aren't responding. Interesting problem... too much money?

Reply to This

That's really interesting about Kiva's money problem, Amy. I wonder what actions (if any) they're taking to try to solve this lender disengagement issue.

Reply to This

RSS

© 2009   Created by Len Senater on Ning.   Create a Ning Network!

Badges  |  Report an Issue  |  Privacy  |  Terms of Service