Saturday, April 2, 2011

Microfinance

Just stumbled upon this video about Microfinancing and thought, that all of you should check it out. Its about giving small loans to people in the third world for their business.

Its pretty amazing, how Kiva works: You loan, lets say 50 dollars, to one or more third world entrepreneurs, for example, to buy more livestock. The 50 bucks goes straight to the person you loaned it without any middlehands. After the loan, Kiva allows you to monitor the paying back progress and when the money has been paid back full, you can withdraw the money or pass it to other entrepreneurs. You can actually end up passing that same 50 bucks on and on, helping alot of people in need.

Theres 695.380 users in Kiva and they have loaned 129,489,985€ for 330,313 loan recipients. 98.47% of loans are repaid.















And for final reduction:

This, kids, is what happens, when you over do Crystal Meth demonstrated by a random russian chick going apeshit. They are coming for you!

41 comments:

  1. cool i have said it many times, Religion is a cancer in society.

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  2. Interesting stuff on microfinance

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  3. Microfinancing seems like a great thing but that russian chick didn't seem to be doing so great..

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  4. i really enjoy last video :D

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  5. thats pretty amazing, but is there even any security on my money? not that i would care, but i dont think its too helpful to lend 50$ 10 times while these guys over there go broke repeatdly

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  6. Also read about that stuff some time ago and it seems interesting. Small amount of money for me but it could help lots of people.

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  7. i like your blog. keep up the good work

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  8. I've heard of this before. IT really is a good idea.

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  9. Checking this out right now. Very ready to do this. Do you make interest?

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  10. Hm...This sparks my interest. I wonder how this affect the global economy on a large scale.

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  11. Micro financing is something I just don't have the patience for.

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  12. Seems like a good way to contribute!

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  13. This is pretty awesome, I want to do it once I get some spare cash

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  14. Random russian chick doing crystal meth!? What's going on in that video? Wow!

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  15. This is actually a really amazing program. I have had experiences with it and it is great. You do good and almost always get your money back. There is no downside.

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  16. I wasn't even remotely familiar with this. Such great programs, and it's a shame they're not that popular. Spread the word, friends!

    Lovely blog, by the way!

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  17. I just read about a scientific articel about microfinance in India and how helps.. great idea.

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  18. siiiiiiiick :DDD

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  19. This is really interesting. Wasn't there a Simpsons episode about this kinda thing?

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  20. Liked the first vid, interested in economy

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  21. So what you are saying is: lend money with microfinance programs, but avoid lending to russian chicks, especially if they plan on spending the loan on crystal meth, right? :D

    Good advice, you probably wouldn't get your money back.

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  22. Not too shabby.

    Money money money.

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  23. Great blog style! Keep this up! Good blogger!

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  24. I've tried to understand this Kiva thing for a long time now. Never really got it... until now. Thanks. Keep the info coming!

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  25. interesting!
    Glovey- Ctrl+C and Ctrl+V, is every1 that desperate?

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  26. cool concept on microfinance, although i'm not sure how much 50 dollars can buy. a piglet or kid maybe.

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  27. Videos like this are s amazing. I've got now words for it. :D

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  28. awesome post, i learned something :D

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  29. Such a great example of a good and positive financial project without the tiranical grip of the banking groups!

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  30. 2 guitars are mine
    and 4 are of my dad, 1 of them he hab built by him self ;)
    we love guitars :D

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  31. Is this some new kind of Nigerian scam? Just kidding. This is the way charity should be organized!

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