Varley Law Office PLC

Varley Law Office PLC
201 NE 2nd ST, Stuart, Iowa 50250; (515) 523-2456

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Saturday, January 10, 2009

Check out Kiva.org


Kiva is a microlending institution that has been featured on a number of programs and publications. It makes loans to individual and groups of entreprenuers in developing countries through local non-governmental organizations with a proven track record. When the loan is paid back you can lend it to a different entreprenuer or you can withdraw the money through a paypal account. Paypal is donating its services to this project for free. If you don't do anything for 90 days, the money gets donated to Kiva to support what they are doing. Otherwise, none of your money goes to administration unless you make a direct contribution.

I think this is a great way to teach capitalism to underdeveloped countries and I think helping to generate wealth in the poor half of the population will do more to stimulate the world economy than having Americans borrow money they don't have so they can continue to spend beyond their means. It might also spread a little good will and help undo the damage of the last 7 years.

Personally, I tend to favor the agricultural projects and other enterprises where the individual is actually making something rather than retail or reselling, but in the end, I think it all helps.
http://www.kiva.org/lender/warren3455

So go to kiva.org and check it out.