Friday, June 12, 2009

Make Kiva microloans in the US.

I’ve written frequently about microloans - how the concept spread as a tool for economic development, how to lend and get your money back – sometimes with with interest, making a loan a no cost to you, etc. But my most popular post on the topic discusses microloans in the US. I’m pleased to report that there is now another option for those interested in making microloans in the US.

Kiva now offers the opportunity to make microloans in the US. If you’re in the US, this is a great way to help your neighbors move ahead through entrepreneurship.

And if you need a microloan, this means there are more people around to sponsor your business. Contact Accion USA or Opportunity Fund for more information on getting a loan for your small business.

If you join Kiva or are already a member, consider joining the So What Can I Do Kiva lending team. And if you happen to be connected with Swarthmore College, consider the Swarthmore College and Community lending team. Find a team that fits your style or start your own. You'll be amazed at the difference your group can make. Since its launch less than a year ago, the So What Can I Do lending team has already loaned over $5,000!

Microfinance and microlending are great ways to help others reach financial stability and promote economic justice. And it doesn't take much to get started. Happy lending!

He who postpones the hour of living is like the rustic who waits for the river to run out before he crosses. - Horace, poet (65-8 BCE)

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