Kansan.com: Microlenders jump-start entrepreneurs (You have no idea how objectionable it is for me to post a story from a University of Kansas newspaper, but this should symbolize to you my deep devotion to Kiva. :) )
Nonprofit group Kiva lets volunteers lend money to small business owners in developing countries.
After Clinton and the founders of Kiva, Matt and Jessica Flannery, appeared on The Oprah Winfrey Show last month, the Kiva’s Web site posted a message stating that this year, for the first time, every business that applied had been funded. Kiva has loaned more than $11 million, and 99.6 percent of the loans have been repaid. Its donor membership has grown from 75,000 in June to more than 113,000 today.
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Kiva has funded 17,000 loans today compared with the seven it started with in March 2005.
Sam Snyder, a Motorola technician and 2006 University graduate, has loaned to 703 people, totaling at least $17,575, since he joined in January 2006.
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