webfarmer: (Default)
webfarmer ([personal profile] webfarmer) wrote2007-04-11 09:50 am

Cool Thing o' the Day

Saw this featured on PBS last night.  What a great and progressive geeky idea.  An excellent personalized and globalized (how does that work you ask) twist from the Grameen Bank model of micro loans.  100% payback rate so far.

Kiva.org - Loans That Change Lives

NPR: Young Donors Turn to Micro Loans

"A new kind of philanthropic giving -- particularly among the young and web-savvy -- is facilitated by a non-profit organization called Kiva. Donors are encouraged to give microloans to entrepreneurs in the developing world."