loans for life

This is so cool will take your PayPal “loans” and provide them to families/microbusinesses in the developing world. This is such an amazing example of the fluidity of thought, services and action that the internet is facilitating more and more of every day. Microcredit has gotten a lot of respect as a tool for real social change and improvement to the lives of some of the world’s poorest people, and now we can play along at home. From boingboing: is the world’s first peer-to-peer, distributed microloan website. A great idea where PayPal meets Gates Foundation. The site allows you to lend a small amount of money, say $25, to needy microenterprises in developing countries. You receive repayment at the end of the loan period (normally 6-12 months) without interest. If they default on the loan, your loan becomes a donation – though none of the businesses have defaulted yet. A great low-risk, high-reward idea.

About Jonah

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4 thoughts on “loans for life

  1. Poop, everyone once in a while your posts surprise me. Usually they are about your flavorite types of candy or tech toys..but today you have posted something worthwhile, and I commend you. What a great organization–and a good idea. I checked out the site and there are currently no entreprenuers in need…due to overwhelming popularity of the site. I hope this site does help to make some permanent social change in Africa. I will keep this site in mind for future donations.
    from, pip

  2. ps. flavorite is my new word. I made it up, and you can’t have it. love, pip.

  3. A good idea to further the ideas of Capitalists and money makers around the world. I’m sure Hugo Chavez among others would find this whole scheme a travesty and the values supported by Kiva as nothing short of cultural and economic imperialism.

  4. yes, there’s no doubt that hugo chavez is wringing his hands right now, thinking, “no bueno! if only there was a way to stop this!”

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