Thursday, October 27, 2005

Microfinancing

I read a very interesting diary this morning over at Kos about microfinancing in third world countries. I have to admit, I've never heard of it before. Basically, you donate money to an NGO such as KIVA and they use that money to issue no interest business loans to people in the third world. You can donate as little as $25. You get your money back when the loan is fully repaid.

The UN General Assembly has designated 2005 The International Year Of Microcredit. Who knew?

2 comments:

jjs said...
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jjs said...

darn it phil .. i did not want to resort to this but where the hell are you? i have called you and sent you e-mails and if it were not for this blog i would think you were dead.