Have you heard about Kiva.org?

Have you heard about Kiva.org?

Kiva is the world’s first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world. We’ve helped out on a loan for Francisco Jama.

Francisco has a stand where he sells tortillas and common Ecuadorian foods. He started the business off with only $10 of capital several years ago. This business has provided for Francisco and his 3 children. He depends on the stand to provide food, shelter and education for his family.

He requested the loan in order to buy chairs and tables to put around his stand. He hopes that his business will continue to become popular and that one day he can open a restaurant.

We know what it is like getting started as a business owner and it’s been great helping others achieve a good start also in having a family business.

Francisco repaid his loan in 100% and now has the tables and chairs he needed to expand his business.

Way to go Francisco!

Check out http://www.kiva.org when you get a chance

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Posted on July 17, 2008, in Rancho Bella Vista. Bookmark the permalink. Leave a comment.

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