David Britt, the President of the local chapter of the United Way (pictured in a previous post) recently launched a blog, located at davebritt.wordpress.com. Mr. Britt writes about his work with the United Way and offers insight and analysis about the ways in which we can all work together to solve serious problems both here in America and across the world.
Recently, Mr. Britt directed his readers’ attention to an article written by Nicholas Kristoff of the New York Times (who has been previously covered by CenLamar when he selected Alexandria native Casey Parks to accompany him on a trip to Sub-Saharan Africa). Kristoff wrote about a new microfinancing website that allows people the ability to donate small amounts of money to worthy, budding entrepreneurs in developing countries. For as little as $25, for example, you can help open up a grocery store in Eastern Europe or a clothing store in the Domican Republic.
The website is located at www.kiva.org. It’s a worthy and important cause, and over 90% of the time, those who help finance these projects are repaid within a year or two.
There are other notions of microfinancing and new, revolutionary ideas about financing businesses in developing countries.
Check it out.