Kiva MicroloansSeptember 18, 2014 at 4:06 pm | Posted in Economoney, Media | Leave a comment
I’ve written before about how microloans can allow the average person to easily help someone fund a project. I’ve also mentioned the powerful book The International Bank of Bob, on one guys experience with Kiva.
My own original loan through Kiva has now been repaid and reloaned 17 times in 13 different countries – to students, grocers, suppliers, and makers; to single mom’s, young families, groups, and more. Making a loan takes just a few minutes, unless you choose to browse the many opportunities.
Kiva has recently released a video on how simple the process is. How to turn a dozen toonies* into real value.
*a “toonie” is a nickname for a Canadian $2 coin. The $1 coin has a Loon on the back, hence a “loonie”. The nickname of the $2 coin followed suit although personally I liked “doubloon” better.