Erick Schonfeld at TechCrunch blogged about a great way to help eliminate poverty – by providing microloans to entrepreneurs in small countries. Helping people help themselves is a great way to give aid.
Anything from $20 to $350 can help someone start their own business in Karachi, Kabul or Kirkut. Read more here.
My friend’s high school age daughter is starting her investing career off by making loans to third world entrepreneurs through Kiva. She’s learning a ton and a few of her borrowers have successfully launched their small businesses.
Thanks Allan – it’s great to hear of success stories! Here is the Kiva website.
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