I've been a big fan of Kiva and have made microloans through it. Have you heard of Kiva? They coordinate loans of around a few thousand dollars to help individuals and those running very small businesses fund their business in one of 78 developing countries around the world. Your small loan of $25 or so is mixed with loans from other people, so that an entrepreneur in another country can do something like buy chickens to resell at market or buy auto parts for a small repair business. The repayment rates are extremely high - 98% - and you choose who you loan to. While the money is paid back, you funnel it into another loan after, so you don't actually get repaid yourself. Kiva is a nonprofit.
I've been making microloans through Kiva, $25 at a time for a few years.
Kiva has a promotion right now for new lenders who make their first $25 Kiva loan during August through their Go Far campaign page. Do so and you'll get two $25 promo codes by September 3, which you can use or share with others.
Please lend, and let me know who you helped fund!
How very interesting. Thank you for sharing this, I plan to look into it myself ;)
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