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I like Kiva. You can fund loans to businesses and individuals that would normally not have access to capitol. The agencies that administer the loans charge some
by cmdrfred 10y ago
I like Kiva. You can fund loans to businesses and individuals that would normally not have access to capitol. The agencies that administer the loans charge some interest to the borrower that is used to cover the costs of the loan as well as do charitable work. They have a less than 1% default rate, though there is some risk of loss during currency conversion back to dollars.
- lkbm 10y agoI lend a lot on Kiva, in part because it's more fun, and in part because I dumped a lot of money in there prior to getting into EA, but the evidence of effectiveness for microfinance seems much more limited/tenuous than Give Directly, Deworm the World, or AMF. For what it's worth, though, One Acre Fund (one of the Kiva field partners) is a recommended charity on The Life You Can Save (another EA charity evaluator)[0]. Since discovering that, I've been focusing my loans towards that specific partner. They currently have a lot of loans which are nearing expiration, if you're interested: https://www.kiva.org/lend?partner=202&sortBy=expiringSoon https://www.kiva.org/lend?partner=202&sortBy=expiringSoon [0] https://www.thelifeyoucansave.org/Where-to-Donate/One-Acre-Fund https://www.thelifeyoucansave.org/Where-to-Donate/One-Acre-F...