Kiva.org has run out of entrepreneurs in the third world

Tuesday, September 9. 2008

OK, I joined up with Kiva so that I can be part of the movement giving micro loans to disadvantaged entrepreneurs in the developing world.

We, or rather the the other half, has been a Kiva supporter for about a year but today is the first time I've joined up myself, and I must say I feel pretty good about doing so.

Except for one small problem; Kiva is becoming so popular that there aren't actually any loans at the moment. Yup, you guessed, there are too many donors wanting to give funds and not enough entrepreneurs waiting for loans.
So all I've been able to do is make a small donation toward Kiva's operating costs. I'm not overly happy about this, it means I put $50 into my Kiva account, gave away $5 to Kiva, and the remaining $45 is just sitting there doing nothing.

I know I get a lot of readers from developing countries, at least my stats show this to be the case, so what I need is for all of you to find a local entrepreneur who could really use a micro loan and then get them to contact their local Kiva micro loan field team.

That last approach might not work but I hope Kiva get back on track soon, I kinda like the idea of helping entrepreneurs in developing countries.

Update: After several hours of refreshing the lend screen I finally got the chance to make a loan of $25 to a young man in Togo who needs $1200 to develop his little grocery store into a wholesaler for other stores in his area.
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in Carl's Journal   Comments (4)

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  1. A. said,

    Wednesday, September 10. 2008 at 08:38 (Reply)

    Sorry about this. I don't know if you got my first comment.The system said it was spam, I'm not sure why.

  2. Carl said,

    Wednesday, September 10. 2008 at 08:43 (Reply)

    Got both comments, just ignore the spam thing, I have a word filter that traps anything risky and auto deletes the bad stuff. Thanks for commenting though.

  3. A. said,

    Wednesday, September 10. 2008 at 23:15 (Reply)

    My first comment must have been auto-deleted, about being amazed that Kiva had run out of people needing grants. There surely are so many people who could use some help.

  4. Cy said,

    Saturday, September 13. 2008 at 14:36 (Reply)

    It goes to show that there are many, many generous and caring people around the world that enjoy helping others succeed. That's good to hear. Glad you found someone to help and I'm sure they are glad to have found you.

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