Monday, August 24, 2009

Kiva

At Leadership Summit 2009 I had the privileged to sit and listen to a young woman, who is a Stanford graduate, be interviewed. Her name is Jessica Jackley. She is a co-founder of a company called Kiva.org, which means "agreement" or "unity" in Swahili. This company is "the world's first peer-to-peer online micro-lending website which allows individuals to lend as little as $25 to specific entrepreneurs, providing capitol to help them start or expand a small business. On average $100,00 is loaned on the Kiva website every 24 hours." Their payback percentage on these micro loans is 98.5%. It was started in 2005.
Here is a video clip http://www.pbs.org/frontlineworld/stories/uganda601/uganda-601.html?&c=4qt
I was captured by her and her heart for people. I was also captured by the concept. It was so simple and so amazing. It goes along with all that Shaun and I have been learning and seeking out. It helps to alleviate the poverty by not just handing over money but by "teaching someone to fish" as it were.
Take a look at http://www.kiva.org/

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