Kiva Loans; Loans that make a difference…

Hi!

I just made a loan to someone in the developing world using a revolutionary new website called Kiva.

You can go to Kiva’s website and lend to someone in the developing world who needs a loan for their business – like raising goats, selling vegetables at market or making bricks. Each loan has a picture of the entrepreneur, a description of their business and how they plan to use the loan so you know exactly how your money is being spent – and you get updates letting you know how the business is going. The best part is, when the entrepreneur pays back their loan you get your money back – and Kiva’s loans are managed by microfinance institutions on the ground who have a lot of experience doing this, so you can trust that your money is being handled responsibly.

I just made a loan to an entrepreneur named Sok Chantho in Cambodia. They still need another $125.00 to complete their loan request of $500.00 (you can loan as little as $25.00!). Help me get this business off the ground by clicking on the link below to make a loan to Sok Chantho too:

http://www.kiva.org/app.php?page=businesses&action=about&id=17957&_isc=

It’s finally easy to actually do something about poverty – using Kiva I know exactly who my money is loaned to and what they’re using it for. And most of all, I know that I’m helping them build a sustainable business that will provide income to feed, clothe, house and educate their family long after my loan is paid back.

Join me in changing the world – one loan at a time.

Thanks!

Shree Mulay
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What others are saying about http://www.Kiva.org:

‘Revolutionising how donors and lenders in the US are connecting with small entrepreneurs in developing countries.’
— BBC

‘If you’ve got 25 bucks, a PC and a PayPal account, you’ve now got the wherewithal to be an international financier.’
— CNN Money

‘Smaller investors can make loans of as little as $25 to specific individual entrepreneurs through a service launched last fall by Kiva.org.’
— The Wall Street Journal

‘An inexpensive feel-good investment opportunity…All loaned funds go directly to the applicants, and most loans are repaid in full.’
— Entrepreneur Magazine

2 Responses

  1. I just recently made four $25 loans through Kiva. I feel reasonably confident that this is as good or better a way to help than any other given the small amount of $ and relative ease of making a loan.

    I’m also sure that as Kiva becomes more well-known, it will attract more people who will attempt to take advantage of it.

    It will be interesting to see how it fares over the next several years.

  2. Don’t forget too that if you make an additional ‘donation’ to Kiva when processing your loan, it might be tax deductible.

    The loan, however, of course is not but if the loan goes into default- meaning you don’t get your money back, you might be able to write it off as a loss.

    Check with your tax preparer or tax attorney for exact information as it applies in your case.

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