Kiva lets you lend as little as $25 to people without access to traditional banking systems
- You join Kiva.
- With your credit card you make US$25 loans to people of your choosing.
- They pay back the loans with no interest and you get regular updates.
- There is 98.93% repayment rate. And over US$263 million has been loaned to date.
- When you have been repaid you can loan the money again or withdraw it..
I have made 14 loans since I started in December 2007 and at Christmas I will add a little more money to the pot to enable me to make some more loans. Its not a lot but every liitle helps and its so easy and effective :-)
If you like the idea, why not make a loan yourself to someone this Christmas.
As usual at Christmas, the knowledge letter is short but I'll be back in full swing in 2012 :-)
Here's wishing you a merry Christmas and a happy New Year.