Washing Post, Social Entrepreneurship and the next generation of giving
By Melissa Steffan, November 8th 2011
All around the world (including the USA), governments are struggling to find means to support small business owners and others who might need a loan. Kiva.org, developed by Premal Shah, was created to allow people with a little extra money (as low as $25) lend it to someone in a 3rd world country, similar to how a bank would do, so he/she could start a business. It runs on an internet system similar to paypals, and just as a bank would, the loaner receives a small amount of interest once the business is successful.
I love this! I think it is such a great way to give and support other people, in a much more productive way than simply just giving a one time donation of money or food. Although those gifts are extremely helpful in most cases, this system allows another member of society to become productive and be able to support himself/herself eventually! It reminds me of Amma and her thoughts on giving to charity is the problem solver of the world. This is an example of a philanthropic act, but also a social revolution...people no longer need to solely rely on their government to start a new endeavor.
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