For a few weeks I have been drawn to a little website called kiva.org. Kiva offer microcredit to entrepreneurs in developing countries.
How does it work?
It’s really quite simple. You create an account, you chose someone you’d like to loan money to, and you pay with PayPal. 100% of the money goes to the person who then repays the money to you on a pre-determined schedule.
Sound shady?
When it comes to our money, we are so suspicious aren’t we?
Well, microlender Grameen Bank won the Nobel Peace Prize in 2006.
Adam, what are you saying?
Well, I read enough… tonight I invested in a small business in Samoa. The "why" is really simple. Rather than just giving someone a handout… why not help them get started in something that can secure their future?
We made a simple, small investment in order to help someone out.
It’s another one of my many experiments. I am keeping an eye on the benefits of this as I can easily see something practical like Kiva becoming a practical part of Light Force or even YMX.
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