Comments on: Kiva brings MicroFinance Lending to the People http://natenead.com/kiva-brings-microfinance-lending-to-the-people/ Fri, 12 Mar 2010 23:39:47 +0000 http://wordpress.org/?v=2.5 By: Ben Beck http://natenead.com/kiva-brings-microfinance-lending-to-the-people/#comment-766 Ben Beck Fri, 12 Jun 2009 01:27:02 +0000 http://natenead.com/?p=171#comment-766 Nate, Loved this article! Microcredit is an awesome way to help people out of poverty... tons better than just throwing money/programs at them. It instills a desire to work hard towards success at something. It is amazing to see how high the payback rates on these loans is too... I think it up in the 90%s. Kiva was actually one of the winners of a competition that American Express puts on for philanthropic business ideas. There were around 1000 entries and I think Kiva came out as second or third... they got a couple million out of it. I voted for them as number 1. :) Thanks again for the great article! Ben Becks last blog post..<a href="http://feedproxy.google.com/~r/Textrapolate/~3/8uX0wBJoHiY/">Security Measures for Your Business</a> Nate,

Loved this article!

Microcredit is an awesome way to help people out of poverty… tons better than just throwing money/programs at them. It instills a desire to work hard towards success at something. It is amazing to see how high the payback rates on these loans is too… I think it up in the 90%s.

Kiva was actually one of the winners of a competition that American Express puts on for philanthropic business ideas. There were around 1000 entries and I think Kiva came out as second or third… they got a couple million out of it. I voted for them as number 1. :)

Thanks again for the great article!

Ben Becks last blog post..Security Measures for Your Business

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