microfinance
Microfinance Loans and Microcredit – Kiva
I am still a big proponent of investing in and own several mutual funds and stocks in green technologies and companies, but I often wonder “will that actually affect the biggest change?”
Most investments now days have been marred by scandals. The stock market was hit with internet bubble stocks, declining bank stocks, failing financial institutions, bankruptcies, real estate, you name it, it has suffered somehow. Almost makes you want to go back to your local savings account. Rather than leaving your money to wallow under inflation in a piggy bank or mattress, try investing in people.
Microfinance has been around for some time, however, companies like Kiva are making it even easier to select people and causes close to your heart (or investing strategy) while providing more security from default than with individual investing. Each loan is carefully selected by field partners and volunteers, but it remains a very personal feel. You get to essentially meet (via a personal profile) the individual you are loaning your money to and understand their pursuit and the needs of the community. › Continue reading
