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I am absolutely stunned by the percentage delinquency for these loans. After going through the site for a while, I can't find a single loan that has been defaul
by dcurtis 19y ago
I am absolutely stunned by the percentage delinquency for these loans. After going through the site for a while, I can't find a single loan that has been defaulted or delayed.
I don't understand why a paraguayan store owner would need $1075 to stock her store (http://www.kiva.org/app.php?page=businesses&action=about&id=34023 http://www.kiva.org/app.php?page=businesses&action=about...), but it certainly seems like these kinds of investments are kick-starting entrepreneurial activity in places where it was traditionally impossible or exceedingly difficult.
I think Kiva is my favorite new business because it truly does raise the social welfare of the world while also being a startup.
- wumi 19y agoAnybody interested in social entrepreneurship should definitely read this book: http://www.howtochangetheworld.org/ http://www.howtochangetheworld.org/ I read bout Kiva, Ashoka, and the Grameen bank a few years back (which was the basis for micro-loans and its inventor won a nobel prize). An excellent read to show how innovative minds (read: startups) are changing the world
- felipe 19y ago"The Fortune At The Bottom Of The Pyramid" is excellent too: http://www.amazon.com/Fortune-Bottom-Pyramid-Eradicating-Publishing/dp/0131877291/ http://www.amazon.com/Fortune-Bottom-Pyramid-Eradicating-Pub...
- BvS 19y agoIf not seen yet you should have a look at the Intruders interview with Premal Shah (President of Kiva): http://uk.intruders.tv/Premal-Shah-of-Kiva-org-on-microfinance-and-helping-poor-help-themselves_a226.html http://uk.intruders.tv/Premal-Shah-of-Kiva-org-on-microfinan... I wish more ngos would be run with this kind of startup mentality!