Buying a Car? A house? Starting up a business? Need money for college? I could go on but whatever the reason is, you’re in a situation where you need a loan. You’re looking for a bank to lend you a helping hand and in exchange you will pay them back (in installments) the full amount, plus interest.
Seems like a pretty normal situation.
However, what if that bank was you? What if poor students and entrepreneurs from across the world told you why they needed a loan, how it would help them and were willing to pay you back (with interest)?
Seems like an interesting concept?
Well, that’s exactly what Kiva.org is – a crowd-sourced micro-lending website/platform service that allows individuals (like you and I) to lend money to extremely low income students and entrepreneurs across the globe.
This is the source of how Kiva operates and it’s basically a group of people contributing Read more…