Kiva.org is a microloan website that allows you to loan money for entrepreneurs in developing countries. According to the New York Times, Kiva is occasionally too popular and runs out of people that need loans. The process of finding people and approving them to receive loans takes a lot of time. As soon as Kiva was featured on Oprah, the site received a ton of traffic and actually ran out of entrepreneurs that needed money. Other reasons such as Christmas gift certificates and television shows have added to the popularity of the website. Some repeat donors are feeling guilty that they are donating money and others do not have the opportunity to give.
Tim Leberecht from CNet quotes James Surowiecki , saying that Kiva is too limited in who they accept for people receiving loans. He says that “Businesses that can generate jobs for others are the best hope of any country trying to put a serious dent in its poverty rate.“ Kiva only approves people who are in poverty and personally need the help. Leberecht feels that more donating options would help get rid of poverty in developing nations. I personally agree with Leberecht and Surowiecki, and I feel that more donating options would help with Kiva’s problem of too many donors.
Read More

Business professionals are starting to turn to LinkedIn for networking and other business needs. But how did LinkedIn start, and what were some of the goals of founder Reid Hoffman?
We are a different class of college students every Spring. Together we explore what it means to do business in a "Web 2.0" world. Technology, new businesses, cutting-edge trends, we cover them all!


Recent Comments