Kiva is the world’s first person-to-person micro-lending website that allows people from anywhere to loan money to entrepreneurs in developing countries. Micro-lending is a great concept because it helps people build the proper capital to start or grow their business. Most of the time, meager start ups such as someone’s small tailoring business, bakery, or spare parts operation fail because they lack the necessary monetary funds to move forward. As a way to help better the situations of these individuals, Kiva has set up this loan program. You can use either paypal or credit card, and Kiva will pass the funds to the selected person you want to help. Loan teams can also be built in order to loan more money to others.
Official Site: KIVA
This is such a great concept.