4 January 2006
Microloans take a different twist
Kiva is a variation on the microcredit theme: the site maintains a list of borrowers, and anyone with a PayPal account can lend any of them as little as $25. Kiva works through the Village Enterprise Fund, an African organization which provides seed capital to small entrepreneurs.
Perhaps unsurprisingly, word of this got to the left side of blogdom first; I'm on record as being a fan of microcredit in the Third World, but I missed the introduction.
What I love about this, and about groups like Modest Needs, is that 1) I understand what it's like to need just a little more to get by, and that 2) as someone with generally only a little to give I can really see the difference I'm making.
Really big disasters tsunami, Katrina, and the like get all the attention and most of the dollars; operations like this remind us that it's not some distant mass of humanity, but individual people, who occasionally need help.Posted at 8:00 AM to Entirely Too Cool