If you’re new to the concept of micro lending, Kiva has great information.
So far I’ve made 3 loans, starting with $50. Most of that money has already come back and I’ve rolled it over into other loans.
I get sporadic reports about the people I loan to and Kiva tracks the money and let’s me know when I’ve got a balance that I can either withdraw or re-loan. So far I’ve just rolled it over into another load, taking time to pick who I’m loaning to.
That’s another great thing Kiva does – they have pictures of the people who are asking for loans plus a description of how they plan to use the money.
This Christmas morning I took it to another level by staring the About Freelance Writing Team. If you’re so inclined to join and lend there is also a social networking aspect that will allow us to communicate through Kiva. The team is open to anyone, so with luck we’ll get some people we would never meet any other way.
Of course, you might want to start your own team, or just loan as an individual. Whatever works for you.
Celebrate! Celebrate with a micro loan.