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Want to make a difference this Christmas by providing finance to a micro-business in Rwanda? Another amazing internet-based solution.
I'm very pleased to tell you about an online organisation that enabled Contact Point to make a loan to an entrepreneur in Rwanda via a revolutionary new website called Kiva (http://www.kiva.org/). It's a great use of internet technology!
From the Kiva website you can lend to someone across the globe who needs a loan for their business - like raising goats, selling vegetables at market or making bricks. Each loan has a picture of the entrepreneur, a description of their business and how they plan to use the loan so you know exactly how your money is being spent - and you get updates letting you know how the entrepreneur is going.
The best part is, when the entrepreneur pays back their loan you get your money back - and Kiva's loans are managed by microfinance institutions on the ground who have a lot of experience doing this, so you can trust that your money is being handled responsibly.
We just made a loan to an entrepreneur named Assiya Ngendahayo in Rwanda. They needed to raise $900 (you can loan as little as $25.00) and shortly after we contributed to the loan, the full amount was raised.
It's finally easy to actually do something about poverty - using Kiva I know exactly who my money is loaned to and what they're using it for. And most of all, I know that I'm helping them build a sustainable business that will provide income to feed, clothe, house and educate their family long after my loan is paid back.
This Christmas, join me in changing the world - one loan at a time.
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What others are saying about www.Kiva.org:
'Revolutionising how donors and lenders in the US are connecting with small entrepreneurs in developing countries.'
-- BBC
'An inexpensive feel-good investment opportunity...All loaned funds go directly to the applicants, and most loans are repaid in full.'
-- Entrepreneur Magazine
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