I just gave a loan to this lady, NANCY PEREZ TORRES.

You can click on Nancy’s picture to read more about her, but basically I had the great opportunity to join with 4 or more other people in supporting Nancy’s entrepenuership business in Mexico that is run by her with the help of her husband and sons.

This wasn’t a handout, it was a loan, one I except to receive paid back in full in about 6 months or more. There is no interest on the loan, and there is the slight risk that the loan won’t be paid back. I guess that’s a risk you take when your loaning money, seems to have worked for the banks and credit card companies. Seriously though, it’s amazing that I can loan money I have available to someone to help their dream come true.

Now for some explanation. Kiva is a new micro-financing organization that is harnessing the power of the of the internet to help bring the basic service of bank loans to many around the world that don’t currently have that service available to them.
Think for a moment what you would do if you lived in a place without banks. What would you do with your money? Imagine not having access to loans. Most couldn’t drive the car they have, live in the house they do, or have the job and college education they’ve received without being given a loan.

Kiva is not a charity, but it is a great opportunity to bring justice and basic dignity to many in the world who have dreams and have lacked the resources to fulfill them. Kiva also has had a 100% return on their loans to hundreds of entrepenuers.

I learned about micro-financing in college and thought it was a brilliant concept, but one that couldn’t be entered on the very grass roots level for your average person in the U.S. trying to do something good. Now, Kiva has made that possible.

So, stop sitting on that $1000 you got in the bank! Start giving out some loans!

Kiva.org