I really enjoy working with Kiva. They have created an amazing business model that connects people and opportunities worldwide through lending.
This crowdfunding model is moving toward approval in the United States as a new mechanism for funding small businesses.
Here's what Kiva says in their responses to new loans:
"We're so excited that you've chosen to give a hand up to entrepreneurs working towards better lives."
Check out these current Kiva stats:
$1,216,125 loaned this week
3,090 entrepreneurs funded this week
15 seconds between loans
18,515 loans this week
$220 million in loans since 2005
98.75% repayment rate
When this kind of crowdsourcing model can be directed toward new business startups and expansions in the U.S., job creation will flourish.
Kiva lets me be a micro volunteer - in short time slots that allow me to make a little bit of difference in circumstances and places that are important to me.
The current repayment rate for loans I've made to Kiva entrepreneurs is 100%
What a cool org. Thank you Kiva for the wonderful entrepreneurship opportunities you help fund, and the dreams you inspire worldwide!
My lender page at KIVA
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