Kiva: Improving People's Lives

KNOWLEDGE -- May 28 -- Nearly everyone told Matt and Jessica Flannery that their idea -- a website where people could make micro loans to individual borrowers in the developing world -- wouldn't work. Today, Kiva.org is one of the hottest and hippest on the web. Kiva's 270,000 lenders have assisted about 40,000 borrowers in 40 countries and provided a total of about $27m in funding. Kiva, founded in 2005, has been so successful that it has already spawned imitators: eBay last year launched a lending site called MicroPlace. FULL ARTICLE @ KNOWLEDGE

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