Sunday, October 16, 2005

Kiva is a very interesting microlending initiative. Allows anyone on the internet to make a micro-loan to an entrepreneur in Africa.

Unlike most charitible donations, the lender gets a connection with the individual, including regular updates by email. And possibly repaid. (Micro-credit typically has good repayment rate)

5 comments:

Kaunda said...

I agree that Kiva is a really good idea and there are similar approaches to charitable donations where there is direct communication between donor and recipient.

What gives everyone pause is the idea that their donations will be wasted either through incompentence or theft.

Right now Kiva has a trusted network in Toro Uganda, built by one person there. So the question I have is how to build more of those networks in developing areas. And whether Kiva can be a model or an over-arching donor network. In other word should there be many more organizations like Kiva or should Kiva grow to include more trusted local networks around the globe.

Kaunda said...

I agree that Kiva is a really good idea and there are similar approaches to charitable donations where there is direct communication between donor and recipient.

What gives everyone pause is the idea that their donations will be wasted either through incompentence or theft.

Right now Kiva has a trusted network in Toro Uganda, built by one person there. So the question I have is how to build more of those networks in developing areas. And whether Kiva can be a model or an over-arching donor network. In other word should there be many more organizations like Kiva or should Kiva grow to include more trusted local networks around the globe.

Kaunda said...

Opps--sorry about the double post

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SmooveJ said...

A few months ago you wrote this great post about a microfinancing website called Kiva that does peer-to-peer lending over the internet. We got a lot of publicity from the blogosphere, and it was a tremendous help in raising money to fund entreprenuers.

I just wanted to let you know that Kiva has posted a bunch of new businesses up on the site. We've got around 20 businesses from three different continents, and we're hoping that you're still interested in what we're doing. We've got everything from a Bulgarian chokeberry farmer to a Palestinian carpenter to a group of Senegalese women using solar cookers for seafood preparation.

If you'd like to write another post about what we're doing, it would be an incredible help. We don't have connections to the mainstream media or powerful corporate sponsors, but with a little help we can make a huge impact.