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!

Posted by Everyday Normal Guy at 5:47 PM

39 comments:

  1. ExoticBloggerApril 2, 2011 at 6:11 PM

    hmm interesting!

    ReplyDelete
  2. MalkavianApril 2, 2011 at 6:15 PM

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

    ReplyDelete
  3. Jessica ThompsonApril 3, 2011 at 3:08 AM

    Interesting stuff on microfinance

    ReplyDelete
  4. AnetteApril 3, 2011 at 3:36 AM

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

    ReplyDelete
  5. UnknownApril 3, 2011 at 6:35 AM

    that looks interesting indeed

    ReplyDelete
  6. Fix PC Games AdminApril 3, 2011 at 7:43 AM

    some nice vids here awesome

    ReplyDelete
  7. blaackApril 3, 2011 at 12:43 PM

    i really enjoy last video :D

    ReplyDelete
  8. hedgehoggerApril 3, 2011 at 1:31 PM

    interesting concept :P

    ReplyDelete
  9. TheHarvesterApril 3, 2011 at 1:47 PM

    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

    ReplyDelete
  10. dsApril 3, 2011 at 2:04 PM

    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.

    ReplyDelete
  11. Robert FünfApril 3, 2011 at 4:45 PM

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

    ReplyDelete
  12. NopeApril 3, 2011 at 4:49 PM

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

    ReplyDelete
  13. MikeApril 3, 2011 at 5:20 PM

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

    ReplyDelete
  14. Beau ThompsonApril 3, 2011 at 6:30 PM

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

    ReplyDelete
  15. Matt NeumannApril 3, 2011 at 6:52 PM

    Seems like a good way to contribute!

    ReplyDelete
  16. MuteMath FanApril 3, 2011 at 10:42 PM

    I'm a Kiva loan giver! I love it.

    ReplyDelete
  17. pezasiedApril 3, 2011 at 11:22 PM

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

    ReplyDelete
  18. AlphabetaApril 4, 2011 at 5:48 AM

    Great idea.

    ReplyDelete
  19. SOMSApril 4, 2011 at 6:53 AM

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

    ReplyDelete
  20. CandleintheDarkApril 4, 2011 at 7:29 AM

    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.

    ReplyDelete
  21. Parallel-Reality HeroApril 4, 2011 at 7:49 AM

    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!

    ReplyDelete
  22. BulwyfApril 4, 2011 at 8:04 AM

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

    ReplyDelete
  23. AnonymousApril 4, 2011 at 8:44 AM

    siiiiiiiick :DDD

    ReplyDelete
  24. ErikaApril 4, 2011 at 9:23 AM

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

    ReplyDelete
  25. auto - pasjonatApril 4, 2011 at 10:20 AM

    very nice :D

    FOLLOWED

    ReplyDelete
  26. mikkelloApril 4, 2011 at 10:20 AM

    Liked the first vid, interested in economy

    ReplyDelete
  27. VoitApril 4, 2011 at 12:31 PM

    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.

    ReplyDelete
  28. KidefenceApril 4, 2011 at 2:18 PM

    Not too shabby.

    Money money money.

    ReplyDelete
  29. D22 ZoneApril 4, 2011 at 3:18 PM

    Great blog style! Keep this up! Good blogger!

    ReplyDelete
  30. Absolut CarrotApril 4, 2011 at 3:28 PM

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

    ReplyDelete
  31. MoobeatApril 4, 2011 at 4:32 PM

    good post. thanks

    ReplyDelete
  32. mamtcApril 4, 2011 at 5:01 PM

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

    ReplyDelete
  33. JayApril 4, 2011 at 9:40 PM

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

    ReplyDelete
  34. FlicApril 5, 2011 at 1:42 AM

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

    ReplyDelete
  35. MKDApril 5, 2011 at 4:29 AM

    awesome post, i learned something :D

    ReplyDelete
  36. G&TApril 5, 2011 at 4:46 AM

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

    ReplyDelete
  37. EKATERINAApril 5, 2011 at 5:18 AM

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

    ReplyDelete
  38. savvyApril 5, 2011 at 6:06 AM

    hm.. sounds interesting

    ReplyDelete
  39. dromboApril 25, 2011 at 6:48 PM

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

    ReplyDelete

Subscribe to: Post Comments (Atom)