Last year, I read Bill Clinton's book, Giving, subtitled "How Each of Us Can Save the World." In it, Clinton issued lots of advice that would be completely unhelpful to any normal person, such as, say, starting a foundation. (I'll get right on that.) But he did write extensively about Kiva, a group that connects aspiring entrepreneurs around the world with people like you or me, who might be willing to give a little money to get them started.
Here's how it works: Kiva partners with international microlenders to find prospective lendees, then the stories of these entrepreneurs are posted to Kiva's website. You contribute money towards their loan, and you'll be emailed when the entire loan amount has been reached. The lendee has about a year to repay the entire loan; you'll get regular updates about the loan repayment.
I was drawn to a single mom in Mexico who ran a flower shop and was looking for $1200 to help her get supplies so she could actually start shipping her floral arrangements. I contributed a small portion of that in April 2008 and was notified this week that she has paid back 100% of the loan. In June 2008, I also gave a little to a carpenter in Togo who needed to buy some more tools. So far, he's paid back 75% of his loan, so 75% of my loan is available to me. I could get my money back (since it was a loan, and not a donation) but instead, I just reinvested it in another entrepreneur. This time, it's going to a 29-year-old man in Ghana who supports some younger siblings by trading/selling hardware. (The money will let him muy some of his materials in bulk.)
Polonius advised Laertes "neither a borrower or a lender be", and while I'm sure there are a lot of people who wish they would've taken that to heart a little more in the past few years, there's still a lot to be said for lending. Kiva shows the internet at its very best - connecting hundreds of thousands of people all over the world, all to help one person at a time.
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