Breaking the Poverty Treadmill – Kiva.Org
This post is off topic. It actually has nothing to do with treadmills. It has to do with the poverty in not just the US, but throughout the work. So many people are stuck in on the provery treadmill, and with the current state of the economy, more are on this treadmill with the incline continually being cranked up. They are never getting a break.
Well recently a friend of mine sent me a link to a cool organization. It is www.kiva.org/.
What they do is make loans to people in third world countries who want to start a business or need funds for an existing business. Of course, the individuals who receive the loans are expected to pay them back, and surprisingly a large percentage do pay back their obligation. Each applicant goes through a screening process. Once the loan is paid back it the funds are available for future loans. So far they have loaned over $1.4 million, and the default rate is under 4%, which is considerably better than the banking system.
You can contribute to a loan to a needy entrepreneur for just $25. My friend Jeff has started a circle of friends to help this needy organization. You can join at http://www.nynphotoschool.com/articles/kiva-1.html.
Rather than throwing money done the drain at failing car companies and corrupt financial institutions, help some people who are willing to break out of the poverty treadmill.
Fred
