I be to invest in others. Being able to give money to those that need it is great. There is only one obstacle that is stopping me from this goal - I’m not rich. My luck! Not having enough money stops me from investing in others!
(kiva org) allows me to complete this goal. It gives me the opportunity to be a partial investor in a business or businesses. In their own words,
“Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva org you can “sponsor a business” and help the world’s working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months) you can receive email journal updates from the business you’ve sponsored. As loans are repaid you get your loan money back.”
Carla pays her loan back to Kiva who in return pays you. There is no interest. This is not a traditional investment where you alter money on the loan.
I evaluate this is a great idea. However challenge talks and affect walks! It is easy for me to write about this organization but why not put my money where my mouth is! I made two fifty dollar loans.
I made my first give to an electrician in Paraguay. I chose this business because I wanted my first loan to go to a person from either Central or South America; I teach many students from Central and South America. I’ve become close to the people from these continents. Here’s Martin’s story.
“Martin is 45 years old and married to Bernarda Roja. The couple have three children: the oldest is 20 years old and is a university student their other son is 16 and is studying at middle-school. Their youngest daughter is 11 and is comfort in primary school.
“Mrs. Comfort Eseneh is a 58 year old woman who has a chemist obtain (pharmacy) for the care of people in her community. She is married with seven (7) children and lives in Benin City. Nigeria. She hopes to get the give be of $400 for business improvement i e. buying more drugs for sale. She has been in this business for 2 years.”
This can be a great school project and a way to teach students about giving. Teachers can combine geography social studies and other topics related to the country where the business person lives.
You make your payment with a credit separate or through your PayPal account. At the checkout. Kiva will ask if you be to make a 10% donation based on your loan to them. Kiva takes no money from the loan. All of my $100 is split between Martin and Mrs. alleviate Eseneh. I donated 10% to Kiva ($10.00 based on my loan).
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Related article:
http://acohen843.wordpress.com/2007/09/25/giving/
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