Thread: Micro loans
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Old 11-15-2007, 11:19 AM
Moseley Moseley is offline
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Join Date: Jun 2007
Posts: 394
Default Re: Micro loans

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FYI, I think the most well-known site to get involved with this is http://www.kiva.org .

Also, Kiva was featured earlier this year on an episode of PBS Frontline World called Uganda: A little goes a long way.

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I believe that if this was a money making machine, big business would have their hand in the cookie jar.

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You're saying if this idea made money people who wanted to make money would be involved in it? Insightful stuff.

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It is making money for somebody. Even if you give to United Way, only 90 cents on the dollar gets to your charity. I doubt, but prove me wrong please, that anything close to 90 cents on your dollar will get to the person needing the loan.

Why, if I give to my charities directly, instead of paying United Way 10% to distribute it, would I be interested in this program?

What's the cost? I think (but please prove me wrong) it's like the law firm that takes on a class action suit, the plantiffs end up with 10k each and the law firm gets millions.

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Is it that hard to read the site? I'm pretty sure that they explain how they run, and I'm pretty sure that what you donate goes to the business.

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I searched....but could not find their most recent audit.
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