Crowd Sourced Kiva Loan
Wednesday, January 25, 2012 at 2:21PM by Trisha Carter In my Christmas newsletter (sign up here if you’re not receiving it) I promised a gift on behalf of subscribers to Kiva.
If you aren’t familiar with www.kiva.org the site links micro-finance lenders with borrowers. Loans are managed by experienced organisations in the lenders country. They have pre-approved the lenders and assisted them in their venture with training and guidance. In reality they make the loan and kiva lenders provide the back-up financing.
Kiva Lenders can view the range of industries and people who are seeking finance and choose a borrower. Sounds easy but choosing who to fund is hard. So for our Christmas gift I asked newsletter subscribers to tell me who they would like me to fund on their behalf. A crowd sourced gift if you like. So what were the results?