MSNBC: Loans to Change Lives
This morning, correspondent John Larson profiled the Web site Kiva.org, which allows everyday people to make small loans ("microloans") to entrepreneurs in developing countries. WATCH VIDEO
I was first compelled to visit Kiva last weekend, while reading President Clinton's new book, Giving: How Each of Us Can Change the World (he's going to be on TODAY on Wednesday, so I was preparing to produce the segment). I was struck by the simplicity of Kiva but also its potential to impact lives in a meaningful way.
It's pretty simple. You go to kiva.org, look through a list of prescreened entrepreneurs who explain what their business is, how much money they need in loans and how they intend to use that money. If you decide you want to contribute to a particular business, you fill out a form to loan the entrepreneur a minimum of $25 and pay by credit card. ....