Wednesday, September 03, 2008

Micro-lending

One of my favorite cooking sites (www.101cookbooks.com) pointed me to a micro-lending website in its last post and I thought I'd share. I'm a huge fan of the concept, which is basically, small private lenders (or individuals) either offering loans individually or pooling loans in order to provide entrepreneurs in developing nations (typically) with capital to launch their business. The site Heidi (from 101cookbooks, yes we are on a first name basis) recommends is www.kiva.org - you can offer as little as $25 and it's a loan, not a donation, so you get it back while doing some good. Hooray for everybody.

1 comment:

Kevin McLaughlin said...

Hey, I saw Muhammad Yunus speak when I was in Houston at a Microsoft conference, very inspirational!