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Lending Mechanisms
Kiva: person-to-person micro-lending
Kiva is a person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world.Kiva allows a person to browse entrepreneurs' profiles on the site, choose someone to lend to, and then make a loan, thus helping a real person make great strides towards economic independence and improve life for themselves, their family, and their community.
Throughout the course of the loan (usually 6-12 months), the contributor can receive email journal updates and track repayments. Then, when the contributor gets their loan money back, they can relend to someone else in need.
- Resource link:
http://www.kiva.org/ - Source: KIVA (http://www.kiva.org/)
- Added to ADG on: 30 June 2008 , contributed by: David Week - ASSAI
- The above links take you to an external site - see our disclaimer.
