Thursday, March 15, 2012

Maybe there IS such thing as a free lunch..

Attention all blog readers! Here is a GREAT opportunity to get involved with Kiva.org with no money out of your pocket.

You may know about Kiva.org, the micro lending site. Here's how it works: Donors log in and pick an entrepreneur somewhere in the world that they'd like to support. Loans can be as small as $25. These loans go directly to the small business owner so that they can start, maintain, or grow their business. Many of these entrepreneurs are women in third-world countries who are working to support their families. 

Since 2008, Kiva has brokered more than $293 million in loans, with an amazing $98.91% repayment rate. Learn more about them here.

For a limited time, new Kiva users are given a $25 credit to spend supporting an entrepreneur of their choice, with nothing out of your pocket (although when the loan is repaid, it goes back to the financial backer of this promotion, not you). It's a great way to explore Kiva and see if you like what they're doing. If you do, you can continue to invest in other small business owners around the world!

I signed up this morning to support Petrona Madrigal, a woman in Nicaragua who sells grains and tortillas in her local community. Nicaragua holds a special place in my heart, as I used to live there. As Petrona grows her business, I'll get periodic reports on how it's going, and notification when my loan is repaid.

I'm really excited about this, and I hope you are too. Get involved today and let me know what you think!

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