Kuta Beach

Kuta Beach

Tuesday, 29 January 2008

Bill Clinton on Kiva Microcredit

Bill Clinton talks about Kiva, a site where you can make small loans to people in poor countries. Giving a microloan to poor people may be a very effective way to get them out of poverty.

Microlending has very low default rates. According to Kiva, of every 1000 loans given, only 3 default.

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