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Out of the Fog Marketing

Tips, thoughts and topics on marketing for small to medium-sized businesses in Michigan and throughout the world.

Wednesday, August 22, 2007

 

Kiva changes lives with small loans

Given this is a tech marketing blog, I usually don't coverage topics outside of this arena. I have to make an exception for Kiva. Kiva is a non-profit that collects small zero-interest loans from individuals (usually $25) and lends the money to entrepreneurs in developing countries such as Cambodia, Ecuador, and Ukraine. When the individual you financed pays the loan back, you can choose to re-invest in another venture or withdraw your money.

Entrepreneurs in this country, especially women, are so lucky to have access to capital to start a venture. What a better way to change how people around the world think of the U.S. than helping a fledgling business owner and giving them financial independence.

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