I sponsored another Micro Loan to a woman in Peru through Kiva.org - Pay It Forward
I love working with Kiva.org. It's a GREAT site that lets you provide small, $25 micro-loans to impoverished people around the world who are trying to start or grow their own small businesses.
You, along with a number of other people, provide a small loan as a group to select individuals, and the loan gets repaid and back into your account to lend out again!
The loan and repayments are supervised by individual financial organizations throughout those particular areas of the world.
I've been working with Kiva.org for about 4 years now, and have provided dozens of micro loans, and have a 100% re-payment rate with no defaults.
I tend to choose women in different countries to lend the money to, mostly because they do not have as much opportunity as men due to the disparagement of women in many countries.
Anyway, my assistant Lea and I work together on choosing candidates.
This week we chose Maria from Peru because she is a hardworking single mom that wants to expand her growing business. From what it sounds like Maria has a good business sense. I am happy for the opportunity to help Maria make her dreams come true, even if it is in a small loan!
For more information on Maria please visit the link: