Kiva is a microfinancing venture started by geeks from TiVo, Google, and PayPal. Here’s how it works:

There are currently 27 businesses looking for funding, 98 that have been fully funded, 593 that are currently paying back their loans, and 22 that have completely paid back their loans. Kiva was founded in 2004, and the average loan period is 6-12 months, so it’s still in the early stages.
Kiva is nothing if not savvy. They partner with local organizations which actually give out the loans, and partner with PayPal to handle the payment processing. Since transaction costs are usually prohibitive for microfinance projects, PayPal has made a phenomenal difference by waiving all transaction fees for Kiva.
Like many nonprofits that connect individuals in need with individual donors, Kiva provides journal updates on their website and via email, so you know how the person you funded is doing with their business. The local organizations provide these updates as well as manage the money transfer between Kiva and the loan recipient.
Being founded by geeks, Kiva is also very web-savvy. They have Amazon.com-like website badges, so you can not only invest in a microbusiness, but encourage others to do the same. I’ve invested $50 that I earned from WebbleYou, my webhosting business, in Sikinanene Saunyi, bumping her “funded” percentage from 6% to 17%. She needs $425 to buy six steers to raise and sell, to support her family of seven.
Today is Saturday, and I’d like to have Sikinanene fully funded by next Saturday, September 30. She needs $375 more, and I want to emphasize that this is a loan, not a contribution. Until Sikinanene is fully funded, I will dedicate 100% of my WebbleYou webhosting revenue to investing in her business.
You will (most likely) get your money back, though you won’t earn interest. Kiva’s infrastructure is already funded, so they have 0% overhead, meaning 100% of your investment goes directly to the entrepreneur. Loan FAQs | More info on microfinance
Help me out. Post this code in a blog entry (all on one line):
<SCRIPT type='text/javascript' src='http://www.kiva.org/banners/bannerBlock.php?busId=884'></SCRIPT>
Let’s get Sikinanene and other entrepreneurs funded so they can lift their families out of poverty. As a broader challenge for the emerging church and the blogosphere, Kiva needs $14,225 to fund all their current applicants. A few mid-sized churches could come up with that investment in a weekend, and if it were given as a gift, it would be a perpetual investment - after one applicant paid it back, another could borrow it, and the cycle of good would break the cycle of poverty. I think Jesus would like that.
UPDATE: As of today, Monday, September 25, Sikinanene has received all $450 she needs to buy her steers. I have no idea how much of that came from readers of this site, but I’m very glad to hear it. If you sponsored her and would like to leave an anonymous comment saying how much you contributed, it would be great to know whether this blog made a difference. I’ll leave the sidebar badge there, with someone new.