Website of the Week Kiva.org
Kiva.org is praised in Bill Clinton’s latest book Giving. Basically, it’s person-to-person microlending.
In their own words:
Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can “sponsor a business” and help the world’s working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you’ve sponsored. As loans are repaid, you get your loan money back.
These are generally brief term loans that do give you meet your fiscal problems inside a preferred distinct time period.
Contemplating time limitations these loans are specifically made above an
obligation absolutely free platform. As such, these are kept absolutely free from credential checksums.
Troubles such as defaults, arrears, bankruptcy, CCJs and even IVAs are not
regarded right here. Further, there are also no collaterals connected with these loans.
There is minimal paper operate expected on the
aspect of borrower. There are also no hidden
or further documentation or faxing required right here.
Applying for these loans is also highly convenient. Individuals just demand filling an internet form and once
this gets approved cash is received within 24 hours time frame.
These loans are generally provided beneath practical terms and conditions.
The common standard applicant criteria right here is that
they should really be a UK resident and of 18 years of age.
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