Sunday, January 24, 2010
Helping others to help themselves!
That's the motto of KIVA, a non-profit organization based in the US. Instead of sending food, money or clothes to people in need - meanwhile never knowing if it reaches them - you can lend money to Low Income Entrepreneurs in the form of a micro credit (starting at $25) and - most likely - get it back within a year. The money that goes out to these recipients is interest free and in many cases provides individuals the opportunity to invest in their livelihood. It simply allows people who have found themselves in a bind to continue on. There is always somebody on site who makes sure that the loan requests are legitimate and you can choose from applicants all over the world. Even if you are going through hard times yourself, I recommend taking a look at this website to view some of the circumstances for which the applicants have requested their loans.
This is a great way to do a lot of good with a little amount of time and money. Check KIVA's website and get started!
New York Times Article - 'Winning Ways of Making a Better World'