#158 Micro Lending

I found this site from another new thing a day person who I believe found out about it the same way. The site is called Kiva.org and it specializes in connecting people from developing countries who are trying to become entrepreneurs and lift themselves out of poverty with people who are able to give them small micro-loans. It works like this, they apply with certain lending institutions that are partnered with Kiva and request the amount they need to get their business off the ground. Kiva posts their request and in turn visitors to the site can loan to the person of their choice in increments as small as $25. For every person that gives a loan, the closer they get to their requested amount. All money is then agreed to be paid back in a certain time frame. Along with a group of almost 45 other people, I loaned some money to a group of women from Senegal who are trying to get supplies for their business in which they make and sell clothing. Here is their photo and story.