The secret is Kiva, a non-profit organization that aggregates investments like mine and makes micro-loans to mostly third-world entrepreneurs who have limited access to capital.
Sometime last year I made four of these $25 loans to a mechanic in Azerbaijan, two restaurants (one in Mexico another in Honduras) and a beauty salon in Tanzania. On average, each of these budding tycoons borrowed under $1000. My $25 came back to me as cash as they repaid their loans (which each of them did), and I have reinvested the money in four other businesses. I get periodic updates as payments are made.
I’m now lending to the contractor in Senegal, a taxi owner in Azerbaijan, a grocery store in Peru and a tailor in Tanzania. Click any of the proceeding in case you’d like to participate with me in this particular portfolio.
2 comments:
Kiva is a great organization. It allows us to see directly how our contributions are helping others looking to help themselves.
nigel
Done, thanks for the reminder. I've 'funded' a female-owned beauty salon in Nicaragua.
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