Monday, February 9, 2009

Want to Get In On The Social Network Game?


Try Kiva.org. Kiva.org is one of the earliest, if not earliest, social entreprenuer sites, where micro loans are made by citizens from all over the world (heavily supported by folks from the U.S. and Canada).

You can read journals about the success that the loans have brought the entrepreneurs.

You can join the site. You can join a team of lenders. Your can order Kiva gifts made by the entreprenuers. And of course you can make a loan.

Shown here is Fatmata Jollah, and here is a short bit from the journal of her Kiva adviser:

Fatmata explained to me how she used the loan she got from you. As you might already know from her business description and early photo, Fatmata sells a number of items which include: cottons, “laise” clothes, “wax” clothes, jewelries and more. But however, with this loan she received from you, she decided to invest all of it (Le 400,000) on jean trousers and the balance on transportations and other costs associated with the business. She chose to use the whole loan on jeans because jeans sell faster and make more profit for her than all other items she sells. It is in neighboring Guinea that she buys the jeans from. A pair of jean trousers costs her Le 25,000 (about $ 8.4) and she sells at Le 30,000 (about $ 10).

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