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Rachel's action: Support a micro-loan

Contribute to microfinance by lending some amount of money to an entrepreneur in a developing country. While this only addresses one of the many needs in microfinance, these small loans can help get small businesses going in places that need them.
Step 1: Check out a couple of microloan websites read more is a popular one, but there are more out there. You can check out as well.
Completed on June 28, 2009 at 3:10 p.m.
Step 2: Select a project to support read more
Look around the websites and find a project that you want to support. There are a wide variety of people trying to do all different things. Often people are starting or expanding businesses that provide all sorts of basics to those in their communities. Spend some time finding a project that appeals to you.
June 28, 2009
I donated to an agricultural group - specifically, to a woman named Cate Nakasi in Uganda who needs money to buy feed for her new cow as well as goods to sell at market. She intends to sell the cow milk in addition to the fresh produce she currently sells.

Cate uses income from her business to support her two children, as well as to care for two orphans.
June 28, 2009
* Update for clarity - I LOANED, not I donated. Makes it seem less like charity and more like one person helping another. :)
Completed on June 28, 2009 at 3:14 p.m.
Step 3: Loan the project some money read more
You'll receive your money back over time as the borrower pays back the loan. You can either take this money back out or put it back into another loan. If you put it back into a new project, you will be able to help out many people or groups with the same initial money.
Completed on June 28, 2009 at 3:13 p.m.
All Done!
Tomo Says:Great Job!
Updates and Comments: What is this?
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