Putting My Money Where My Mouth Is
Written by Nez   
Wednesday, 12 March 2008

When first formulating what I planned to do, I started to really look around at what would be a good fit. I'm a part of quite a few charities, but I wanted to pick something for A Dent In The Universe that really felt like a custom made fit. And I've found it.

Actually, when I say found it, I already knew it existed but I guess I didn't really quite appreciate what it fully was. It took Oprah to bring it to my attention. I'm not a regular Oprah viewer, but I was interested in a show recently as it featured ex-president Bill Clinton. The focus of the program was on giving (as that's the name of Bill's book) and it featured a range of people all giving in extraordinary ways. Two of those people were Matt and Jessica Flannery who founded Kiva.

In case you haven't heard of it before, what Kiva does is provide a framework for people to lend money, termed microloans due to the general size of the loans, to entrepreneurs in the developing world. It's a brilliant concept and one that I think is a perfect fit. Here's a graph of the loan cycle borrowed from the Kiva website:

 

 

 

 

 

 

 

 

What I love about this is the concept of having the money repaid by the borrower, and that's where the clincher is in this for me. I don't want to take the money back out of my Kiva account ever. I want this to snowball. Every time I make a sale or generate some form of revenue from this site, 10% goes straight into my Kiva account, and it never comes back to me. I want it to grow exponentially. Think of it as a reverse compound interest. The money I put in gets used, put back, then used again. Perfect!

Find out more about Kiva by clicking on the banner ad above. Kiva is an incredible organisation, and one that I'm proudly supporting.

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bill clinton  kiva  micro loans  oprah  philanthropy 
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