Posts tagged ‘microcredit’

More thoughts about Kiva

Back in November last year, I wrote a brief post about Kiva and encouraged people to join our Kiva lending team.

It’s a microcredit scheme where you can lend $25 to an entrepreneur in a poor country.

Kiva seemed like a great idea and our team has made several thousands of dollars in loans to some very diverse projects. However, Kiva also is now being used to fund entrepreneurs in the USA. Hang on! I thought that the US was the richest country in the world? Don’t get me wrong, there are would-be entrepreneurs in almost every country in the world, and that’s a good thing. But shouldn’t those in the rich, developed countries be funding their ventures by means other than Kiva?

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