I was at a brainstorming event tonight to help Kiva.org, organized by James Slavet and hosted by Premal Shah, President of Kiva. If you haven't checked out Kiva.org, you should take a look:
It was started by Matthew and Jessica Flannery as a result of their positive experience with Village Enterprise Fund, a Micro Finance Institution (MFI) in Africa. Fast forward to today, Kiva.org boasts more than 50 thousand lenders and about $5 million in loans outstanding.
Kiva.org is having a big impact on philanthropy by seamlessly connecting potential lenders with borrowers by working with Micro Financing Institutions (MFI) in emerging countries around the world and using the web as a platform. It passes 100% of the funds raised to the entrepreneurs. All you need to get started is a credit card and a computer...
