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Microlending non-profit Kiva offers free loans for new users

Posted March 9th, 2012 in Nonprofits, Small businesses, Startups and tagged , , , , by Claire Kalia

Kiva, a non-profit that empowers entrepreneurs around the world by providing micro-loans, is currently offering new users a free $25 loan.  Research has shown consistently that micro-loans are a powerful engine for economic growth in developing countries, and micro-lending is a proven way to increase the economic status of women.  If you’d like to make a loan, go to www.kiva.org and choose who you’d like to lend to by browsing or searching the photos and descriptions of each borrower.  All borrowers have a photo and a description of their background, country and business, as well as a history of repayment information.  Repayment rates are very high, and when your loan is repaid you can pay back by lending it to another borrower.   Kalia Law P.C.  is a big supporter of Kiva and the work that it does and we recommend that you visit Kiva to find out more.

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