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Ask HN: $10 Giveaway Investment
I was given $10 a while back to give away to a random stranger as a gesture of kindness (it was a class project). Being the entrepreneurial type, I wanted to invest it in something and give away the dividends: $10 here, $10 there. I'm still trying to figure out a good way to do this. What can I invest $10 in that has some simple returns that I can give away? I'm open to any sort of idea. Thanks!
- JacobAldridge 17y agoInvest it in a micro-finance venture, particularly one in a 3rd World Country (I believe the best known one is this, in Bangladesh - http://www.grameen-info.org/ http://www.grameen-info.org/) The famed 97%+ repayment rates have been questioned, so it's not necessarily the best financial investment you'll make, but for a class project it kicks ass - your $10 goes to a poor woman, who uses it to help her community and her family, pays it back so you can do it again and again. Man, teachers eat that stuff up.
- imrehg 17y agoMicrolending: http://www.kiva.org/ http://www.kiva.org/ They seem to be very open and enthusiastic.
- slackerjer 17y agoI second Kiva. I've been re-investing my original amounts (as it gets paid off you can either withdraw it or reinvest it) for over a year now. You get to see real people and what business they need the money for. It seems more satisfying than generic donations elsewhere.