Wednesday, January 26, 2011

Microfinancing Funds Dreams and Prosperity

Mireille Kimbekete Nzoumba lives in the Congo city of Brazzaville.  Just this week she received a small loan for $625 (USD).  The money will go to bolster her inventory and improve her business.  Besides being a small business owner and providing a service to her community, she is also a wife and mother of three small children.  Mireille is scheduled to have her loan repaid by July 2011.  One day she hopes to open a beauty school.

The nonprofit Kiva made the loan possible through money provided by generating a community of lenders who could be anyone.  Loans range from $25 dollars or less to a few thousand. So far Kiva has made more than $100 million dollars in micro-financing loans possible.  Find out how to lend here.

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