Microfinancing is the little idea that's making a
impact to help reduce poverty. And
Kiva.org makes it easy for
anyone to get involved. Founded and run by in impressive list of Silicon
Valley celebrities, Kiva.org allows anyone to make a loan to an entrepreneur in
the developing world. The businesses, like the loans, are small, but the
impact is tremendous. Browsing the site you'll find everything from a
grocery store owner in Cambodia, to a baker in the Dominican Republic. All
the business are verified by
agents from microfinancing institutes, and currently 100% of loans have been
paid back. The loan can be transferred via PayPal, which has waived their
typical transaction fee so that 100% of the loan goes to the entrepreneur.
I could go on about how inspiring this is, but if you have 15 minutes, I'd
strongly recommend just watching this
clip from PBS's Frontline.