I believe that one of the great things about the holidays is doing a little something extra for those in need. Over the next couple of days leading up to the holidays we’ll share a few ways that you can lend a hand.
In our first case, it is lending a bit of money as a micro-lender. As we’ve posted about in the past, Kiva.org is a micro-lending organizing that works globally and allows you to easily lend your money online to those in need.
We selected a lender a year ago in Kenya doing agriculture and had a 100% repayment. I think this speaks volumes that a poor woman in Africa is more likely to repay her loans than our folks on prosper.com with poor credit.
Now I’ve just lent some money to a Samoan woman named Puapae Perekina doing traditional batik work. She has had four loans since 2004 and has had successfully paid back all of them.
Once our first loan was repaid in full we were then able to loan out the money again, donate it to Kiva.org, or withdraw the funds. It feels good to contribute to the livelihood of other entrepreneurs.
Stay tuned for tomorrow’s post. I’m particularly excited about this one but need to get some photos first.
Have a great one!
Miel
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