{"id":472,"date":"2010-01-02T19:33:32","date_gmt":"2010-01-02T23:33:32","guid":{"rendered":"http:\/\/www.whoisgregg.com\/blog\/?p=472"},"modified":"2010-01-02T19:35:15","modified_gmt":"2010-01-02T23:35:15","slug":"micro-lending-to-change-the-world","status":"publish","type":"post","link":"http:\/\/www.whoisgregg.com\/blog\/2010\/01\/micro-lending-to-change-the-world\/","title":{"rendered":"Micro-lending to change the world"},"content":{"rendered":"

Back in January I helped make a loan to Nosirova Uguljon<\/a> so that she could buy a greater range of goods for her childrens’ clothing business. Nosirova’s business is in Kanibadam, Tajikistan. (Tajikistan is the poorest of the former Soviet republics.)\u00a0Her daughter helps with the business:<\/p>\n

\"Nosirova<\/a>
Nosirova Uguljon's Daughter<\/figcaption><\/figure>\n

Entrepreneurs like Nosirova are the key to building the economy in poverty stricken areas like Tajikistan. Plus, her daughter represents a better future for their family and community. Although the total loan amount was $1,200, it only took $25 of my money to help support this business.\u00a0I was able to join with 37 other lenders to support Nosirova’s business through the microfinance site,\u00a0Kiva<\/strong><\/a>.<\/p>\n

\"Alice<\/a>
Alice Indangasi Shabola<\/figcaption><\/figure>\n

She’s already paid back her loan and I’ve turned around the $25 and loaned it to\u00a0Alice Indangasi Shabola for her clothing business in Kenya<\/a>. That $25 now represents $50 of economic impact<\/em> to businesses in developing countries. When Alice pays back her loan, I’ll loan that money out again to yet another business. You can see what kind of long-term effect just $25 can have on Kiva.<\/p>\n

Of course, once you’ve made one loan, you want to make more. :) Here’s my lending page on Kiva showing all the loans I’ve made<\/a>.<\/p>\n

I hope you’ll find $25 to loan through Kiva and have a real impact decreasing poverty around the world.<\/strong><\/p>\n