Dear readers,
Some time back, I posted about contributing US$25 to Zakir Quliyev to expand his herd of sheep through Kiva. Today, I’ve just received an email from Kiva notifying me that the loan has been disbursed to Zakir by Aqroinvest CU in Azerbaijan.
I sincerely Zakir will do well in his sheep breeding business.
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Dear readers,
Are you always bugged by financial problems whenever you want to start a business? Are your business ideas limited by the amount of cash in your bank account? Have you considered taking a microcredit?
Microcredit is an extension of small loans to entrepreneurs who are too poor to qualify for traditional bank loans. A non-profit online portal, Kiva.org has been offering micro financing to entrepreneurs around the world, connecting lenders and borrowers globally.
Kiva.org uses the Internet to faciliate one-to-one connections, featuring individuals who need a loan and are waiting for socially-minded individuals to lend them the money. These individuals are screened by a local Kiva Field Partner (microfinance institution), looking at a variety of factors such as past loan history, village or group reputation, feasibility of business idea, etc.
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