Monday, August 13, 2007

Kiva...Invest in Your World

Meet Gregorio Castillo! We were introduced to him through an exciting web site that lets you "sponsor a business" in an effort to reduce poverty in our world. Along with 12 other Kiva supporters, Gregorio will be able to buy a cow to restart his dairy and fuel his business as a farmer.

The interesting thing about Kiva is that the loans are paid back over you actually get your money is not a hand out, but a leg up. Gregorio is set to pay his loan back in 12 months. What we found appealing about him was that our $25 loan was the last bit of money he needed to start the process. We can even check back in on to see how he is doing.

As small business owners ourselves, this really intrigued us because it is not a donation or a handout, but a loan to a fellow entrepreneur. Click on the loan cycle image below to see how it works.

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