kiva

Ok, so I've been super lazy lately (Happy New Year by the way folks). However, I did something today that made me feel the need to post about.

I lent US$25 to José Dolores Urtecho, a convenience store owner in Chinandega, Nicaragua. He wants to borrow US$325 in order to buy the necessary products for his store, which he has owned for two years, to improve his and his family's quality of life.

I did it through kiva, a not-for-profit website which allows you to lend to an entrepreneur in the developing world, helping them to lift themselves out of poverty.

Brilliant idea.

Basically you pick an entrepreneur and lend them money, along with other lenders who contribute. They use it and eventually pay you back based on a repayment plan. Then, when you get your loan money back, you can relend to someone else in need. You could withdraw the money back if you felt the need to, but I don't see the point of that when you can pass it on to the next person.

Anyway just felt like sharing. For anyone interested, check out the website for more info.

"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime."