Microloans

A friend of mine just told me about a cool thing he did. He loaned $25 to a woman in the Philippines. She needs some cash to buy more stock for her store. This will allow her to make more money since she has a wider selection of goods to sell when ever people shop there.

Nothing new or bold about the way this loan is set up. It is through Kiva, which makes a lot of microloans. My buddy wanted me to make a loan too but I think I need to learn a bit more about how all this works before I start loaning cash to someone living on the other side of the planet. One way I can discover more is to keep up with my friends lending and if what he has going on raises any questions I will ask him what he knows.

It sounds pretty cool and I will get involved, provided all of how this is set up works the way my friend told me it does.