Loans That change lives!!!!

I recently discovered this website http://www.kiva.org/ and I think they are doing an amazing job in helping people worldwide. Kiva lets you connect and lend money to small businesses in developing countries. Anyone can be a lender. You can start lending money as little as $25. The way it works is, they have profile of borrowers with their businesses and how much money they need on the Kiva portal. You can then pick a business or a borrower that you want to lend money to, and make a loan using your credit card. Kiva will then transfer those funds to local partners who will disburse them to the business you chose. Businesses and borrowers could be located in a remote village in Africa, South America, or East Europe......Now every borrower states on their profile their repayment time(usually between 3-9months). So over time, the partners collect repayments and provide business updates to you on the person you lent the money to. Finally, the funds are returned to the lender and at his point, the lender can choose to either withdraw the funds or re-loan to someone else. What is great about it, is that you get to see where the money you are lending is going to , you get to know that these are real people with real businesses. You get to know that your money is making a huge difference in someone's life. You will also hear periodically from the business you sponsor. Partners will keep you informed on the progress of the business you sponsored. For more information, please visit the Kiva website http://www.kiva.org/ or you can go to the Kiva Blog http://www.socialedge.org/blogs/kiva-chronicles/


Here is one business in need that is featured on KIVA

Lydia BoakyeWonderful God Ent.
Location: Somanya , Ghana

Activity: Food Market

Loan Amount: $850.00

Loan Use: Working capital

Repayment Term: 9 - 12 months

Status: Raising Funds

Partner Rep: Kwabena Yeboah-Asuama Jnr

Sister Lydia is a trader who buys foodstuffs from farmers in the rural areas and transports them to the urban markets. She needs a loan of $850 to expand her business. She is a client of Kraban Support Foundation. She is also familiar with the TEACH Lending program. She will be able to manage the loan because she keeps her records very well.

$775.00
loaned so far

$75.00 still needed