Saturday, November 17, 2007

Kiva

Last night in my down time I was zapping and came across Oprah Winfrey.
There was Bill Clinton.
I have already said on this weblog that I like him a lot better than I do G.W.
Oprah was promoting Clinton's book "Give" (the programs are shown here much later).
A website that specializes in microcredit was mentioned.
www.kiva.org
Click here for the the information on the Winfrey site.
You can choose a small entrepreneur to whom you want to make a small loan - as little as $25.00.
Via the website you can follow the project and keep track of the repayments.
When you money is repaid (without interest) you can reinvest it in another business.
As far as I can see it looks pretty reliable.
The default rate is about 0.2%.
I think I might give it a try.
I'll keep you up to date about how it is going.
Sounds like fun!

1 comment:

carolyn said...

UN,
That is awesome! I visited the site and I love it! I think I'm definitely going to participate. It's such a small amount to "risk," it really feels like more of a donation...but then again you can see how they're doing and what the benefit is. Thanks for sharing!