KIVA Micro-Loans
Get the latest Penn EVERYDAY: crackle.com I’m not telling you to give money to these guys, but it sure is fun to loan money to wonderful people who need it. Fun fun fun. WhenPenn Jillette has an opinion it’s a safe bet he won’t hold back. Upload your own reaction and get the rants rolling! Tune in each week for new insight and agitation. Follow PennSays on Twitter: twitter.com tags: KIVA Micro-Loans Penn Says @pennsays atheist politics religion libertarian penn jillette…
25 Comments »
RSS feed for comments on this post. TrackBack URI
Not with money at least.
What a wonderful idea. Just signed up and made my first loan.
haha… Obamas economy. It’s amazing how quickly people can forget…
Yup, I did this two years ago and I got all my money back within a few months. I would have let it ride but I was strapped. Thanks for reminding me, I’m gonna get back on there.
Serious Question: Should I buy stock in GM?
At least he’s better than Bush was…
That is awesome, I think I heard about a guy winning the nobel prize a couple years ago who started something like this. This is probably the best thing for developing nations. Thanks for showing this Penn.
No way.
What kind of management experience does the govt have in auto makers?
The best top managers will leave now that their pay is limited by the govt because GM accepted TARP bailout money.
Would you invest in Trabant? No.
That was Muhammad Yunis, who founded the Grameen Bank in Bangladesh in the 1970s. It’s usually considered the most successful anti-poverty programme in history. And it makes a profit.
A couple hundred dollars is a lot to me.
Thanks for the info!
Yeah it sounds like a great idea, I could see this micro-loan thing working for businesses in America too, it seems like it would work better than the current banking system we have now. It could at least supplement it.
I’m not surprised it came from the private industry, most great ideas too. I hope this is a sign of the future.
two hundred dollars won’t but groceries for a family of four now for a week
I loaned money here in Thailand to build 3 houses (less than $ 20,000) for neighbors and friends..I got paid back with interest in less than a year.
You have strange priorities if you can’t.
wtf? He’s four times worse than Bush if you can count.
I don’t mean me, I mean the average over-consuming family.
Gotta agree with the others who say a couple hundred is a lot of money- that’s rent!
Good idea, though, and I do hope to be able to try it out.. someday.
~Kat
well, the point is not to give what you cannot afford, what is cool is that you chip in *whatever* toward their goal. I have been noodling around there a bit and I really like it…
Micro loans are going to catch on here in the states. It’s going to be the only way to get anything done!
I sent a small amount to a co-op of women in India who wanted to start a sewing business. They paid it right off and are now making enough money to live on. So you take that money they paid back and put it into something else. Penn’s right–it can be a couple hundred or ten bucks. It all goes into the pot.
It’s a genius idea.
I just loaned $25 to a woodworker in Guatemala. The agency he is with has a 0% default rate, so in another few months or so, I should be able to loan the same money again.
Thanks for the cool “feel good” idea Penn!
do penns vids take a while to load for anyone else? It doesnt take forever or anything but it isnt streaming. I would assume its cause of the amount of people trying to view it at the same time but its only got about 4500 views.
I love this idea. Helping people who truly want to help themselves. Everyone wins.
I really like the Heifer foundation.
Micro-Loans might be welfare unless they have a good legal system and property rights and protection from gov.