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FOX 8 News - KIVA: Microloans to Entrepreneurs in Developing Countries (27 Nov 2007)

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Video Details

Duration: 1 minute and 36 seconds
Year: 2007
Country: United States
Language: English
Producer: FOX 8 News
Views: 118
Posted by: iancho on Jan 12, 2009

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There's no Small Business Administration in Azerbaijan or Bolivia, so how do people there find the capital and resources to start up a new business?

The Web site KIVA.org helps connect people with money to invest with people in developing countries that need capital to start businesses. The investors make microloans (as little as 25 dollars) to the entrepreneurs, which is usually repaid in 6 to 12 months.

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