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Pay It Forward - www.kiva.org - A MUST see website!!.....I helped to micro-finance a woman in Kenya's small business

By
Real Estate Broker/Owner with Metro Life Homes RS-78439 / BRE #01708344

Pay It Forward - www.kiva.org - A MUST see website!!............

I just lent out another $25 of micro financing this week.

About 2 years ago, I became a member of www.kiva.org

KIVA is an AMAZING online micro-financing organization that helps finance small business people in impoverished countries.

It is SO cool.

You lend money to people in the different countries, and they pay the money back in installments.  Once the money is paid back, you can lend it out again to another person in need to help them start their small business.

You can only lend out a maximum of $25 per recipient, and the total amount of the micro-loan is comprised of however many individuals lending the $25 each.

To date, I've lent out at least a dozen or more micro-loans of $25, and they have all been paid back in full.  I then was able to re-lend that money out again and again.

YOU REALLY NEED TO CHECK OUT THIS WEBSITE.

WWW.KIVA.ORG

It is such an empowering sight to both you as a micro-finance lender and to the small business receipient.

All of the lending/financing is supervised and audited by large, reputable financial organizations in each country.

This particular micro-loan that I helped finance with my $25 is serviced by KADET.

My last micro-loan went to the following recipient, Roseline Njeri Mbugua:

Roseline, 33 years old, has been in the real estate business for three year now. She finds the business profitable and now wants to grow and diversify by opening up a green grocery shop.

As she was looking for capital, a friend recommended KADET to her and that’s how she came to approach us.

Roseline hopes to renovate her rental houses and improve them by using more durable materials in future. This will make them longer-lasting and help her save on unnecessary expenses such as repairs. Her rent income will also increase.

About KADET:

The Kenya Agency for the Development of Enterprise and Technology (KADET) is dedicated to economically empower its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. KADET is the microfinance subsidiary of World Vision Kenya. Obtain more information on KADET from the website: www.kadet.co.ke

 

Comments(3)

David Lee ~ Orange County, Ca ~ Cash Flow Specialist
United Realty - Garden Grove, CA

Kiva.org is an amazing website doing amazing work providing funds in third world countries.

David

Nov 07, 2010 05:01 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Ralph, that's a great organization. I tried to figure out a way I could "gift" friends/family with a dollar amount they could invest in Kiva -- I haven't yet worked that out, but it's an organization that fills a great need. Good for you!

Nov 08, 2010 03:12 AM
Lanre-"THE REAL ESTATE FARMER" Folayan
Samson Properties - Bowie, MD
I don't make promises.I deliver results.SOLD HOMES

Ralph I believe it was on Oprah years ago when I first found out about this great website. I am happy to hear that everybody gets their money. One way I am going to pay this forward is by re-blogging it. Hopefully more people will find this blog very helpful and share it with somebody else. Great post.

Nov 11, 2010 12:41 PM