What is the website where you loan small amounts of money to entrepreneurs in poorer countries?

Question

I can't seem to find the name of this website I heard about a year or so ago where you can take small amounts of money ($20 or more) and invest it with a poor person or a family in another country so they can use it to start their own small business. They then start to pay the loan back slowly until it is completely paid off. You are then free to reinvest this money with another person with the same monetary needs.

I remember hearing about it on a talk show like Oprah, but now am unable to find it through search engines.

Can anyone remember the website's url?

Answer 1

Can't help you directly...

www.prosper.com is the same idea, but for loaning $ to people in the US.  Maybe a search for articles related to that will help you get to the site you are looking for.

Answer 2

www.kiva.org

I have made several loans there and currently have 2 outstanding.

Answer 3

Website link is given below as source.  I think it is a Ebays product.  Initially it was offered to US residents only. Pls check the site address for further details.

Answer 4

you realize that people in poor countries don't exactly have access to the internet to get their cash from you, right?

you might be thinking of prosper, though.  but that doesn't have  a big international presence, as i recall.

Answer 5

This is the organization which I use:  http://www.kiva.org/

here are some articles.

http://www.signonsandiego.com/uniontrib/...



http://clearpathinternational.org/cpiblo...

look up microfinancing.

It is a wonderful thing to do.  

cheers