Josh has written in the past about Kiva, the website that connects with microfinance institutions, allowing users to make small loans to entrepreneurs around the world.
At this time of year, the need for loans in Tajikistan increases. Unfortunately, Kiva has seen lender interest in Tajikistan soften. There are a handful of opportunities in Tajikistan available to lenders, and you can loan as little at $25. Once your loan is repaid, you can choose whether or not to withdraw the funds or to reinvest it elsewhere.
I’ve made a loan to Abduaziz Djabbarov, a government employee and cattle specialist who is seeking $450 to buy several calves that his family will raise and sell at market after a few months. If you’re interested in making a loan to Abduaziz or other Tajik entrepreneurs, check out the opportunities at Kiva.
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I second that. I haven’t contributed yet, but I think the idea is great. I think it’s all about efficiency, not just in terms of how much of your money goes to the beneficiary (in this case 100%), but in terms of how much impact that money will have. Small amounts of money to a lot of people I think beats out large amounts of money to a few big projects, in general.
Thank you all so much for the support and I know that the entrepreneurs and field partners working with Kiva in Tajikistan really appreciate it. Keep on publishing an awesome blog and hope to see a bunch of Registan fans as Kiva lenders soon!
Ben
Microfinance Partnerships Manager, ECA
Most entrepreneurs need to borrow money at some point. When you’re in the market for business financing, determining what kind of loan you can qualify for is the first step.
Nathan, thanks for altering me to this great website.
Kiva does seem pretty cool. I made a loan myself on reading this. However, I would note to Brian that there’s no such thing as a free lunch. 100% of the lender’s money goes to the borrower, who then returns 100% plus interest, which the field partner keeps to cover its operational expenses and reinvest in lending capital.
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