YOU’RE LIKELY TO be familiar with micro-finance, in which very poor people are given very small loans to start and grow businesses. There’s no downside to micro-finance. Everyone wins, and the payback rate on these loans is phenomenal. Until now, micro-finance was a project that only banks and non-governmental organisations could support. Recently, however, a group of ingenious activists set up an online system in which anyone can participate. It’s called Kiva, and here’s how it works:
First, anyone can go to www.kiva.org and learn about individuals around the world with small ...
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