Review of Kiva

Kiva is a micro-financing website that you can use to loan money to entrepreneurs in developing countries. As a business owner, you can also get a loan upwards of $10,000 at 0% interest!

------------------------------------------
Recommended Resources
------------------------------------------

------------------------------------------
Connect with Sal
------------------------------------------

LinkedIn: in/Briggman
Twitter: @sbriggman

------------------------------------------
Connect w/ the Community
------------------------------------------

Sal

This post contains affiliate links.

[ML-ungr]

When you donate to Kiva you have to know where your money goes. When you donate to a particular person, the money does not go to that person directly, instead it goes to a money lender who then passes it on to that person and charges them interest, usually at very high rates. In the Philippines the Kiva lenders charge as much as 40% per annum to the people who borrow the money. Of course you don't get that interest, only the loan shark in the middle gets that interest.

[GerConGdeGato]

4:55 they are not paying interest to you. They do pay interest to the field partner

[ChrisWakeford]

Great vlog SB and thanks mate-Where are you based? NYC?

[Floof_Factory]

I would definitely do kiva if they had loans that I could get paid back in about 1 and a half months