I am so thankful that I was allowed to go to a conference the last two days with my church, Lifepoint.
Amazing speakers, powerful ideas, and inspiring stories.
Here's one:
A young women who co-founded Kiva, an organization that 'connects people through lending for the sake of alleviating poverty'.
Kiva allows people with at least $25 and an internet connection to become lenders -- they can lend money to entrepreneurs to start their businesses.
They're called 'microloans' -- these entrepreneurs can't access regular banks because of their financial situations.
The average size of the loan is less than $1000, and the loan default rate is less than 2%. (98% of loans are paid back.)
For a small taste, watch this:
Friday, August 7, 2009
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