- She wanted to learn micro-finance in Africa.
- He wanted to devolop internet start-ups in Silicon Valley.
- Together, and with friend Premal Shah, they created an easily accessible, no-fee, no-interest, micro-lending program.
Kiva, which means “unity” in Swahili, more importantly means changing lives in impoverished countries for the better. New York Times journalist and Kiva lender, Nicholas D. Kristof, calls it D.I.Y. Foreign Aid. His video shows how, for just a few dollars, he became business partners with a Baker in Kabul. It takes little effort to have a huge impact in the world when one teams with a larger community of lenders.
Bottom line: Invest in humanity through Kiva.
You’ll connect directly with the people you empower.
Read more on Yahoo’s People of the Web:
The $10 Million Giveaway?
By Kevin Sites
Tuesday, August 21, 3:27 PM PDT
Move over Sally Struthers. Three young entrepreneurs found an easier way to raise millions for struggling businesses almost anywhere in the world. But don’t call it a handout — it’s a loan. And, it’s funded by everyday people, like you, $25 at a time.
For more on micro-loans, visit:
Talk of the Nation, November 21, 2006 Years ago, a group of prospective business owners approached Bangladeshi banker Muhammad Yunus for a small loan, and he made it happen. Yunus talks about his book, Banking to the Poor, Micro-Lending and the Battle Against World Poverty, and winning the Nobel Peace Prize. LISTEN