Have you ever gone to do some economic development–whether it be building houses, working on construction, or some other thing to “help” the community of a developing nation, and at the end of the trip gone back and been really on fire for helping others?
Have you made vows to volunteer more at the local homeless shelter, spend less on yourself and give to local charities?
How successful were you? If you’re like me, then probably not very. The same thing happens to me every time I spend a week or so in economic development in another country: I come back inspired to help, but I quickly forget about the people I originally set out to help.
Enter Kiva. Kiva takes that passion and desire to do something and actually allows you to! For as little as $25, you can offer a monetary loan to entrepreneurs anywhere in the world, and you can have your original investment repaid in as little as 6 months. The best part? There’s no catch, there’s no fraud, and it’s completely safe.
I say completely, but I should revise that statement. There is a 98.1% repayment rate. So you have 1.9% probability of losing some of your investment to a bad loan, currency conversion gone awry, or another rare thing. Here’s the truth: I’ve made 20+ loans on the site and have lost ZERO dollars due to any of the aforementioned. If that’s not a great track record then I don’t know what is.
So if you are like me and genuinely want to help people, then donate a quick $25 to Kiva and see lives changed. After all, you don’t really need those drinks on Friday, do you?
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