Showing posts with label microloans. Show all posts
Showing posts with label microloans. Show all posts

Thursday, December 03, 2009

Great gift idea/One Place Business is Booming

My brother in Oakland turned me onto this microloan organization called Kiva. I figured that by sending them a donation I was doing a good deed, funding microloans for the purchase of a chicken, goat, sewing machine or the like in developing nations.

Well, I was wrong, turns out I was picking one of the most solid investments around today. I donated $50 last December and have received a staggering $200 in dividends to date. What the hell kind of usurious rates are they charging? I don't understand. But turns out there was never a boom in the developing nations so there's not a bust. Sometimes I turn around and reinvest, sometimes I give it to someone else to play with. I mean this is where you should put your savings! Plus you literally can see pictures of the people you're helping and choose which loan you fund. It's really fun. Great gift idea, buy boom stock and help people!

Go to www.kiva.org today!