Four Years After Founding, Kiva Hits $100 Million In Microloans
Four Years After Founding, Kiva Hits $100 Million In Microloans.
This is a fascinating concept and one that seems to be growing in popularity, both domestically and on a global scale.
A Vanderbilt graduate, Muhammed Yunus, receive a Nobel Prize for his work in the microlending world a few years ago and that was my first awareness of such a concept.
We are so isolated here in the USA with our methods of doing business and it is refreshing to see how such a simple concept can make such a big difference.
Advertisement
It is so odd, lend a guy $500 in India and it is repaid with interest. We’ve spent $12 trillion in borrowed funds and have nothing to show for it and it will take thousands of years for us to repay unless we quit digging the hole.
This is what you get trusting lawyers with your checkbook, America!
gregory_hensley@hushmail.com
Gregory Hensley
November 1, 2009 at 6:01 pm