Kiva.org Merges Philanthropy and Venture Capital With First-Ever Microlending Web Site: Financial News - Yahoo! Finance

Kiva.org Merges Philanthropy and Venture Capital With First-Ever Microlending Web Site: Financial News - Yahoo! Finance: "Press Release Source: Kiva

Kiva.org Merges Philanthropy and Venture Capital With First-Ever Microlending Web Site
Wednesday October 12, 9:00 am ET

PALO ALTO, CA--(MARKET WIRE)--Oct 12, 2005 -- Kiva, the first nonprofit organization to enable individuals to make personal loans to microenterprises in developing countries, launched its Web site today. For the first time, Kiva.org opens the Internet to people looking for a personal, high-engagement means of taking steps to eradicate poverty in developing countries by lending money directly to small businesses."