Big changes through small loans:
Kiva
Target 7,500 subscribers / $150,000
Subscribe to GOOD and 100% of your money goes to help Kiva distribute microloans directly to the people who need them.
ISSUE:
Entrepreneurs in the developing world have limited access to capital to grow their businesses. Sometimes a matter of $100 seriously lower a business’s chances of survival.
IDEA:
Kiva.org, the world’s first person-to-person micro-lending website, empowers individuals to lend directly to an entrepreneur in the developing world—allowing them to lift themselves out of poverty.
IMPACT:
118,702 people have loaned $11,870,035 to entrepreneurs in 38 countries. The repayment rate is a staggering 99.63%. Kiva.org expects to have facilitated a total of $100 million in loans by the end of 2008.
How the campaign is doing:
$150K
$33,360 raised
To contribute $20 to this cause:
