Loan $25 to change lives through Kiva (micoloan)

In Swahili, the word “kiva” means “agreement” or “unity”. Lenders choose a business and make a loan by using a credit card online at the Kiva website. Kiva then transfers the loan proceeds to local partners, who distribute the loans to the businesses. Over time, the local partner collects repayments and offers business updates through Kiva. Ultimately, your loan is repaid and you can withdraw the money or lend it to another business. The purpose of Kiva is to connect you with needy third world businesses looking for loans.

This is a great cost! In this down turn in world banks, perhaps a little mico loan can make a difference.

I found this video from 2007, very interesting talks from the co-founder Matt and Jessica Flannery of Kiva, before Oprah can get the chance!

Even more kiva related video on yooooooutube! http://www.youtube.com/user/kivamicrofunds

Maybe because I'm no banker that is why I think this is a great idea ^_^