Forbes – Kiva, an online microcredit lender, mixes the entrepreneurial daring of Google with the do-gooder ethos of Bono, lead singer of the rock band U2. And with it, it’s founders have managed to merge two recent socio-economic trends–social networking and microfinance. The results? Kiva’s 270,000 lenders–people who typically hand over their money, via credit card, in $25 increments–have funded 40,000 borrowers in 40 countries and provided a total of about $27 million in funding.
Filed under: Giver , microcredit, young givers
