Money To Live

October 15, 2008

Blog Action Day 2008: Poverty

Filed under: philanthropy — by moneytolive @ 5:00 am
Tags:

Today is Blog Action Day, and the theme is Poverty.

An organization enabling families to move out of poverty is Kiva. Through Kiva, individuals like you and me can make micro-loans to individuals around the world. Local offices manage the funds and help people prepare their proposals.

My father is notoriously difficult to find gifts for, so one year for Father’s Day I opened a Kiva account in his name. He seemed to like the idea, especially since I offered to manage the loans for him. So far, the Father’s Day gift has been loaned to a seamstress in Samoa and two different grocery clerks in Cambodia. As the loans are repaid, the money is put back into the Kiva account, and it can be withdrawn or re-invested in a new loan (note, these loans do not pay interest to the depositor).

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: