2.01.2008

Kiva lenders' generosity funds all projects

Over the last few months, some visitors to the Web site of Kiva, a nonprofit that lets users make interest-free “microloans” to entrepreneurs in low-development (that is, poor) countries all over the world, were greeted with a surprising message. “Thanks Kiva Lenders!” it began. “You’ve funded EVERY business on the site!!”

Not to worry, though – after instituting a $25-maximum cap on donations to individual enterprises, Kiva is back in business with a new lot of eager entrepreneurs, so if you're ready to invest, you'll probably get the chance. (NY Times)