John Bullard » kiva http://johnbullard.net Loose Thinking, Tight Analysis Tue, 12 Jan 2010 14:32:46 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Akiva http://johnbullard.net/2008/01/13/akiva/ http://johnbullard.net/2008/01/13/akiva/#comments Mon, 14 Jan 2008 07:31:40 +0000 John http://johnbullard.net/2008/01/13/akiva/ I made my first microloan today. I first heard about it when Muhammad Yunus won the Nobel Peace prize last year. Empowering the impoverished with small amounts of money sounded like an especially cool idea.

Microcredit is a financial innovation which originated in developing countries where it has successfully enabled extremely impoverished people to engage in self-employment projects that allow them to generate an income and, in many cases, begin to build wealth and exit poverty. -Wikipedia

Kiva.org was the first microcredit organization on the web. They’ve grown to the point where they must limit user’s contributions in order to allow everyone to participate.

Kiva

Success: the point when you’re forced to stop people from doing good. It’s amazing that someone, even a poor student, can actually help fight poverty.

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