Kiva Microfinance

Last Updated on Tuesday, 14 July 2009 21:33 Written by Administrator Saturday, 14 March 2009 00:06

Kiva Microfinance

Students for Responsible Business gave its first loan to Kiva.org in October of 2008. Since then, SRB has promoted microfinance to students as one of the most effective ways of international economic development. SRBs first loan was made to a young lady named Unanani Abdallah in Tanzania who sought the loan to start a Beauty Salon.

Microfinance gives entrepreneurs in developing countries a chance to grow their business with a small low interest loan given by individuals and mediated by Kiva. These loans can spur economic growth within families that usually result in funding towards education, housing improvements and other basic improvements.

Kiva is a great non profit that allows the lender to select the entrepreneur that they would like to lend to. It is very easy to make loans and the minimum loan is only $25...Check out KIVA at www.kiva.org to make a loan today!