How I did it: I've always been intersted in microlending, and was exstatic when I stumbled across www.kiva.org. It's such a great organization, and allows you to choose where your money goes. It does not gain interest, so it's absolutely not a way to invest your hard earned dollars. But, it's an investment in human lives. I only spent $100, and was able to help 4 people on 4 different continents with their small business companies.
Lessons & tips: There is some risk involved, and you might not get your money back. When you find someone you are interested in lending to, read about their Field Partner. Is it up to your standards for lending? If so, consider lending to that person.
Resources: Find out more about microlending and microfinance: www.themix.org
courtney foxsparrow The quiz says I'm an Organized, Healthy Self-Improver. Nice!
Awesome of you to do. I’m glad people are still doing this, even in our difficult economic times. When my fiance and I finish our goals to pay of debt and start our nest egg this year, I would like to start investing in people through Kiva. Thanks for sharing your story!
kikimasu cheered this 6 months ago
courtney foxsparrow cheered this 9 months ago
