Start investing in entrepreneurs around the world, just $25 to get started.
I’m not going to pretend to be the biggest Kiva supporter in the world. But I made my first loan with them in May 2007 and watched that $25 get repaid, then made another loan with that same $25 and watched that get repaid. And I just made my third loan with that same $25.
If you are looking for a unique gift this Christmas, give the gift of financial investment to a Kiva partner!
It’s no secret that I think Kiva.org is super cool. The idea of little people like me giving microloans to people in developing countries so that they can improve their business… that just rocks.
A few months back we started talking at YMX about forming an investment club. Not the type of investment club that invests money in stock… but an investment club that seeks to help people in developing countries get ahead.
So today the investing began. Here’s our homepage and here is our Kiva portfolio. Any YMX member can join… send me an email and ask me how.
Not a YMX member and interested in starting an investment club with Kiva? Shoot me an email!
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.