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Generate 1 Million microloans in order to aid others

Doug Kyle

Doug Kyle

Edmonton, Alberta, Canada
Generate 1 Million microloans in order to aid others
1%

Goal:

$5000.00 CAD

Raised:

$25.00 CAD

To go:

$4975.00 CAD

Target:

Dec 7, 2011

Created:

Oct 27, 2008

I'm hoping to use the internet to generate awareness and participation in providing micro-loans to those in need. Currently I am using the Kiva.org platform to do this. Much like the Dreambank, microloans consist of many people contributing a small amount of money in order to help someone in need out.

The great thing about microloans however, is that once you've lent it, the recipient uses it to support their business efforts and pay it back. You can then withdraw the loan and put it towards your dream, or reinvest it into another loan, making the same small sum of money twice as valuable! Besides, if "what goes around comes around" is true, then this is definitely a worthy way to bring some good fortune into your lives!

This is one of the many venues I'm hoping to raise awareness through. I will apply any money donated through this site to Kiva, and continuously re-invest it within Kiva to maximize it's benefit.

Also, feel free to check out my team at www.kiva.org/team/getLucid.

To help even more, pass this information to others who you feel would like to make a positive impact on the world!

Category Social/Environmental Cause
Tags charity / social / karma / world / loans / help / kiva

This dream gift helps support

Contributions

gave $25.00 CAD.
December 22, 2008
Micro-financing is a well proven concept to jump start many local economies and give people a sense of accomplishment and autonomy. Keep up the great work :) The Kiva site is worth looking at as well to see the personal stories of people around the world.

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