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Kiva – lending money to help around the world

February 1, 2012

It may seem strange that on a money & deal blog I am posting about giving a loan to someone else. Kiva is quite a special site though – you can help for free! You loan $25 (or more) to whichever cause you choose (you can base it on gender, sector, group or individual, which country or how much is needed or left.) Once you lend your money, the borrower will start to make repayments (there is a chance of default, so be sure to look to see if they have had previous loans or the default percentage for that particular field rate). You will get all of your money back! You can then withdraw, or you can relend to another cause!

Here is a short informational video about the process:

CNN, BBC, NPR, Newsweek, The Wall Street Journal, Oprah, Time, USA Today and the Today Show are just a few of the media outlets who have written about Kiva and/or support it.

Click here to join Kiva!

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