Microcredit organizations

Corine Milano
Posted September 12, 2007 from United States

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Maria Jett
Sep 18, 2007
Sep 18, 2007

Thanks for posting this summary of current sources for funding, Corine. What a great place to begin our discussion of how to put microfinance to work for women.

Interestingly, I notice that this extensive list of resources overlooks some of the most innovative financial solutions available on the Internet today.

Kiva (www.kiva.org) strikes me as the most glaring omission.

A global leader in orchestrating direct person-to-person loans, Kiva offers a service that is revolutionary in its simplicity. Here's how it works: Individual donors with any small amount to offer can visit their site to connect personally with an entrepreneur needing moderate assistance to support a personal business venture. PayPal facilitates the financial transactions, and local Kiva partners endorse the entrepreneurs, making it easy for complete strangers to bypass traditional financial institutions and their rigid, opaque rules.

A careful mix of airtight business practices and unwavering ethical integrity render Kiva indispensable to our current discussion of accessible global funding opportunities for women, I think.

Already they've set a new standard in delivering simple solutions to the universal problem of liquid capital. They also set a new standard for effectively using social media tools to create measurable social change. Some devotees will even go so far as to credit Kiva with inspiring a new wave of Internet users to claim philanthropy as a bold new venue for civic participation.

Does anyone reading know of other groups that are following Kiva's lead and foraying into online person2person funding? If so, I'd sure like to know about them!

Kind regards,

Mar 11, 2009
Mar 11, 2009

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