The Bank Of Zippy

I’m not much for proselytizing, but this is a pretty great thing that I think most of the people (all 6 of you) that read this blog would be interested in…

Yes, that’s right, people, we are now open for business here at the Bank of Zippy. Get your microfinance loans here today!

Maybe some background would help: A friend of mine recently brought to my attention a website called kiva.org. The site basically links funding sources (that’s me) all the way through a tangle of connections to individual entrepreneurs in the third world.

This is starting to sound like some sort of spam email…let me start again.

Here are four people:

Nasihat Toshmatova Hafiz Allah Tahar Nighat Bibi’<p>s Group Mohamad Maki

You can read more about each of them by clicking on their picture.

For example, Nasihat (on the far left) was looking for a loan to invest in her fruit and vegetable stall in the market in the Asht region of Tajikistan.

Next to her is Hafiz, who lives in Kabul in Afghanistan. He’s starting a little grocery store to make money to care for his wife and child. His loan request was posted to the kiva.org site on Mar 11. By March 14 it had been funded by donors ($25 from the Bank of Zippy!). On March 15 (that was yesterday), in the 15th district of Kabul, he got his money in the form of an 18 month loan.

Then there’s the group of women in Pakistan and the 22 year-old guy from southern Lebanon.

They are all now in my loan “portfolio”, which was pulled from some money I had stashed in my Paypal account. Today I got an email that said that Nasihat got her money ($25 more from the bank of Zippy). She’ll be paying it back monthly and in 9 months I’ll have my money back and she and her three kids will be better off because of it. As time passes, I’ll get updates on how things are going with each of the four loan recipients. How great is that!

I feel like I’m sounding a little like an infomercial here, but I’m just trying to say that this is pretty cool and it seems like an amazingly simple way to have a profound impact on someone’s life. You can find out more here.