The best Web 2.0 I’ve heard

Full Circle Online Interaction Blog: Kiva – Investing In Human Lives:

Now THIS is what Web2.0 could be about. Simple. Rich with human connection. If everything goes according to plan, my investment will return to my PayPal account in the agreed upon time. Of course I risk losing it, but so far Kiva has had 100% payback. It’s still early in the experiment, but microlending has a good rep – something like 97% repayment.

Nancy White finds a microlending system, Kiva. It works like Grameen Bank, making small loans to small business in developing countries. You can become a microlender from your desktop. Beautiful idea.

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Author: Mitch Ratcliffe

Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he's published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.