Tag: donation
Kiva.org
by Daniel Cole on Jan.31, 2009, under Internet Finds, Personal
I just signed up for Kiva today, and loaned money to:
I really like this idea of micro-loans. It is better than donating money because the receiver must pay it back. It builds up a local economy, instead of destroying it like the donated clothes in Africa. When I get the loan payment back, I can just cycle it back into Kiva and to another individual/group. I think donating money this way (I’m not going to pull my money out of the system, I will always loan it out to someone else.) Is a lot better than just giving someone something. Obviously, if someone is starving or destitute they need a donation, not a loan. But for small businesses, the best thing for their growth is a small loan without the corporate bank interest charges.


