The power of many
I blogged last week about micro-financing, and the site I use – Kiva.
I mentioned how you can lend money in multiples of $25, to help third world small business owners access capital.
Now some people may have wondered how much of a difference does $25 here and there make.
Well by chance just had the latest newsletter from Kiva. In just 56 months they have lent US$140 million to 363,000 third world small business owners in 53 countries. And 98.2% of loans have been repaid.