HOW A LITTLE GOES A LONG WAY

I have been a KIVA.org supporter since April 21, 2009 and it started with one $25 loan.

The interest-free micro-loans are provided to entrepreneurs who are unable to secure financing to start a business or expand a business.

Over the past 10 years, I kept adding $25 loans until there were $2,500 of total deposits on file, that are continuously recycled back into another loan when a loan is repaid.

As of this month, I was surprised to see 660 loans were made totaling $20,475 supporting 51 out of 77 countries.

So far $118.83 is in arrears and $234.12 in loan defaults.

The loans that I look for are entrepreneurs seeking to expand their business who have a self-sustainable business with a track record.

I have learned not to invest in perishable goods such as bringing fish to market, because they can spoil on the way to market.

The best payment history is with tailoring and sewing businesses. They are able to produce a value-added service because everybody needs clothes.

All it takes is sacrificing 5 Starbucks coffees to support an entrepreneur.

May I invite you to start today?