Friday, August 29, 2008
The project was introduced by our adviser Paul Roscelli. After his suggestion we watched a video that explained how Kiva works.
Kiva is the world's first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world.
After doing a little more research the chapter decided to lend $700 dollars to two entrepreneurs.
So far we have lent $350 dollars to Bifotima Kimsanova in Tajikistan.
For more information about Bifotima and view her profile you can go to
Bifotima will take 6 months to pay us back, during those six months we will be able to see updates about her and her business in Kiva's website!
The remaining $350 dollars will be lent to another entrepreneur.