KIVA CONNECTS LENDERS WITH ENTREPRENEURS
By Constance Loizos
Article Launched: 03/16/2007 01:41:18 AM PDT
If you haven't yet heard of Kiva.org, a San Francisco non-profit that at just 18 months old is already the leading online microcredit site, you're about to. Its friends in Silicon Valley will make sure of that.
Here's how Kiva, 'unity' in Swahili, works: Lenders visit Kiva's Web site to find entrepreneurs from developing countries looking for a small loan. Kiva posts the entrepreneurs' funding needs and pictures online with the help of 38 local microfinance institutions around the world."