Thursday, November 27, 2008

Kiva and Entrepreneurship

From Duct-Tape Marketing:

Mark Flannery co-founded with his wife a few years ago and their success has forever altered the way entrepreneurs in the developing world get access to the small amounts of capital that can make a huge impact on their businesses and lives. In doing so they’ve also opened up an entirely new channel of micro lending to businesses and individuals who would like a way to help the smallest of businesses get going.

Here’s how it works:

1. You go to the Kiva site and choose an entrepreneur who has posted and been screened for a need

2. You make a loan payment for as little as $25 through Paypal or credit card

3. Receive a journal so you can keep track of how your entrepreneur is doing

4. Withdraw or reloan the proceeds from your load

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