www.kiva.org
Check out this website. Really, click on the link, open up the page and check it out.
"Kiva is the world's first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world."
What does that mean? It means that instead of making a blind donation to a big organization you can choose who you donate to and see where your money is going. You can see how much they need, who they are and even how long it will take to repay. It gets better. Because kiva is based on micro-credit or micro-lending, you get your money back. Say what? Where else do you get your donation BACK. Of course, after the entrepreneur has repaid their loan (part of which you have contributed to in the first place) you have a choice to withdrawl your money, donate it to kiva or contribute it to another entrepreneur.
Why are there micro-credit loans? Many people, especially in the developing world do not have credit to get the credit that they need. Moreover the access to banking institutions is often problematic {read more}.
Just imagine, if you donated $25/month over a year to different entrepreneurs, you would accumulate $300.00. Anf if you did the same thing the next year, you would have $600.00. You could then continue donating that money over and over and over. at the end of 5 years you would have $1500.00. $1500.00 is more than many loan requests on kiva. That means you could fufill one whole loan yourself. Just think how many lives we each could change by donating $25.00 per month. That is actually less than $1.00/day which is what many of these people live on.
I think that starting December 1, 2008 I am going to donate $25/month to different entrepreneurs and track my progress here for you all to see. Hopefully it will inspire someone else, even if it is just one person to make change.
Check it out, www.kiva.org
Much love,
Ashley