Canadians Matt and Jessica Flannery have set up the world’s first person-to-person micro-lending non-profit website, Kiva.org, to help low-income entrepreneurs in the developing world, thereby fighting global poverty.

On the Kiva.org website potential lenders can browse through profiles of low-income entrepreneurs and can loan as little as $25 to the entrepreneur(s) of their choice. The lender then receives regular updates from the Kiva.org website and can track repayments, see exactly WHO their money has gone to, WHAT they are doing with it and HOW they are making a difference. (more…)