antti.vilpponen.net

I wrote about Kiva in December on Arctic Startup, my blog co-written with Miikka and Tomi. Kiva is a non-profit organisation which helps people people in need of financing connect with those who are able and willing to lend some money. The problem with entrepreneurs and developing countries is that they are too risky and small for bigger finance organisations to operate in. Furthermore, Kiva is a relief to those who need a microloan to expand the business a little without too much bureaucracy.

Today I decided it was time try it out so I registered and lent 25 USD to Carlos Yakisich in Paraguay. The attributes that affected my decision was of course the entrepreneur itself and the organisation who works on the local level in Paraguay. Fundaci??n Paraguaya has a default rate of 0 on their loans, which is always good.

If you’re interested in helping out entrepreneurs, please sign up and lend some money.