Global micro-lending site, Kiva.org just got smarter.
It already allows people from all over the world to donate small micro-loans to entrepreneurs in developing countries. Today the forward-thinking non-profit has announced it's making available higher education loans for individuals in Lebanon, Paraguay, and Bolivia. The move opens up the micro-lending process from a focus on small enterprises to empowering individuals in developing countries to attend college. The basic Kiva model will continue, allowing people all over the world to make loans as small as $25. After a yearlong pilot program in the three countries, Kiva plans to expand to at least 15 countries.
"Student loans don't really exist in the developing world, like they do in the U.S.," Kiva President Premal Shah tells Fast Company. The process is like watching a "new baby being born," he says. "Everyone wants their child to be able to go to school."
To read the full, original article click on this link: Kiva Lets You Fund a Student's Education, $25 at a Time | Fast Company
Author: Jenara Nerenberg
