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Stoked Steve Flying Brick Rider

Joined: 01 Sep 2004 Posts: 1402 Location: Virginia Beach, VA
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Posted: Thu Aug 20, 2009 8:41 pm Post subject: Kiva Micro Loans |
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This is a cool way to loan capital funds to those in Third World countries to start or expand a business. I tend to look for the motorcycle related businesses, such as couriers, taxis, etc.. Such as:
http://www.kiva.org/app.php?page=businesses&action=about&id=130737
Talk about a "full" fairing!
Kiva is a non-profit, web based organization that pools together small amounts of money (usually $25 a lender) to make a loan to a small entrepeneur or business that might not otherwise be big enough to obtain a loan through conventional means, like a bank. There is no interest paid back, only the principle.
I know in these tough times here in the US, some might think it seems a bit odd to help those in another country, but it's amazing what a loan of a few hundred dollars can mean to a small business in the Third World. I also donate generously to our local charities as well.
As a small business owner, I feel a kinship with these folks trying to make a better life for themselves and their families. It's pretty humbling to see how little they need, and how much it can change their lives.
I've made 10 different loans over the past two years and all of them have been paid back (or are being paid back) in full. I then reloan the money over and over again.
Pretty cool, check it out.
http://www.kiva.org/app.php _________________ Steve
Virginia Beach, VA
93 K1100RS Mystic Red SOLD
12 Suzuki DL650A VStrom |
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sdaniel Flying Brick Rider

Joined: 15 Jun 2009 Posts: 156 Location: Little Elm, TX
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Posted: Thu Aug 20, 2009 8:44 pm Post subject: |
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My sister in Law is involved in that also. She has contributed for several years. _________________ 1993 K1100LT
All that is necessary for the triumph of evil is for good men to do nothing. |
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SugarHillCTD Site Admin

Joined: 10 Oct 2007 Posts: 4238 Location: Now in Eastern Pennsylvania
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Posted: Thu Aug 20, 2009 9:15 pm Post subject: |
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Any of our around the world friends heard of this organisation?
Sounds like something very worthwhile to help with. _________________ John & Cathy
'92 K100RS4V Pearl White SOLD
'04 K1200GT
IBA Several-SS1k, BBG, 50CC NYC to S.F. |
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