For awhile now, I’ve wanted to sign up with Kiva.org, which finances micro loans to people who are looking for financing in the developing world. The idea is that if several people help fund a loan in small amounts to someone in a developing country, everyone wins. The individuals or companies that receive the loan are required to pay it back, and give a small overview of what the need the money for on the Kiva.org site.
In the past, I’ve had paralysis on which person to help fund; there are so many on the site and so many entrepreneurs in the world, its been difficult to decide who to back. Tonight, after reviewing a few profiles, I found Adela, who lives in Peru. She is looking to gather $500 to build a kiosk to sell her groceries, and she will repay her loan in six months. I’m really excited that I’ve joined the group of people who will be funding her loan. It looks like we will also get updates from Kiva on the loan’s progress.