It's So Easy to Make a Huge Difference

In 1976 Professor Muhammad Yunus met some entrepreneurs in rural Bangladesh. When he learned that only a few dollars could make the difference between constant struggling and supporting themselves and their families with ease, Professor Yunus founded the Grameen Bank, a micro-financing organization that made small loans to the impoverished without requiring collateral.

I heard about this initiative when Professor Yunus and the Bank were jointly awarded the Nobel Peace Prize in 2006, and I loved the idea. Giving people in developing nations the means to create better lives for themselves seemed to me to have so many positives. From the sustainable income and tangible assets these entrepreneurs create to the self-esteem and peer respect they enjoy, micro-financing is such a constructive way to make a lasting difference for distant members of our world community.

Needless to say, I was very excited when I learned about Kiva.org. It’s a web-based organization through which individuals can support entrepreneurs in the developing world. The website features profiles of entrepreneurs, describing their business and the purpose for which the loan is requested. Lenders can make loans for as little as $25US through Paypal and track their loans and the entrepreneurs they are supporting. The profiles are both inspiring and humbling – it’s amazing to see how a small amount of my money can have a life-changing impact on someone else’s life. I currently support three projects and plan to add more in the future.

Kiva.org is a beautiful demonstration of the power of giving people a “hand up” rather than a handout. It recognizes the ability and drive of entrepreneurs in developing countries and acknowledges that they have what they need to be successful, except for a small infusion of cash. Kiva also shrinks the world by allowing people who live in the world of internet access and on-line banking to touch the lives of individuals who live simpler but no less important lives.

Take a look at the Kiva.org website. You’ll be inspired by the initiative of the entrepreneurs and the commitment of the lenders to make a difference. It’s another example of how really connected we are on this planet, despite the distances and the vastly different financial situations.