(Prabhjit S. Kalsi / shutterstock.com)
Combining savvy technological approach with a big heart, Kiva.org has become a leader in web-based microfinance. Kiva’s pitch is simple yet enticing enough to lure in even the most skeptical: donate $25, and take part in a venture that involves 61 countries, 146 partners and 450 volunteers. But – note this: unlike other microfinance ventures, you get your money back – this is why it’s called a loan. You can now use your repaid loan as a new fund or simply – a donation.
Why like Kiva? For syngergizing a smart use of technology, savvy approach to marketing (as in partnering with cosmetics giant Dermalogica and show-biz star Oprah) and complete transparency to reach worthy causes.
