Fun Friday!

A while back I wrote a blog post about Kiva.org, the micro-lending organization that helps entrepreneurs around the world.

Well, they are now operating in the US and lending to entrepreneurs in the US! Here’s the blog post from Kiva.org’s blog. The minimum amount to particpate is only $25 and while it may be a small amount to some it’s everything to the entrepreneur who needs the money!

Fun Friday!

It’s good to give back…especially to other  Mompreneurs and women entrepreneurs. There’s an organization called Kiva that helps other women entrepreneurs through micro loans. When you select an entrepreneur to help, you loan them money ( there are different amounts and it’s totally affordable) the money gets distributed to the entrepreneur you selected. Over time that entrepreneur pays you back. At that time you can either cash out or re-loan the money. Here’s the scoop on how that works: http://www.kiva.org/about/how.

I did this with my 2 girls. Each one picked an entrepreneur to loan money to. One loan is 80% repaid and the other is almost 50% repaid.

It is a great learning experience for my girls to see what other women around the world were doing to provide for themselves and their families. We got to talk about different countries, cultures and businesses. One daughter picked a woman who is a pig farmer in Vietnam and the other chose a woman in Mexico that has a catalog business out of her house. There is full disclosure on the field person, the woman who will be receiving your loan and what the default rates etc are.

Check it out if you get the chance.