Micro Loans: How to Make a Small Donation Go Further

Posted on 03/18/2014

When you donate money to a charity, you want to know that your hard earned cash is going to good use. By making a micro loan you are investing in someone's future by helping them start a business, plant crops or fix up property. Here are seven non-profits that help you make a small donation go even further.

Opportunity International
Help an entrepreneur in one of 22 developing countries through Opportunity International. Your loan can allow Isidro in Columbia to buy a freezer for his ice cream store or Emmanuel in Tanzania purchase a new motorcycle for his taxi company.

Since Kiva started in 2005 more than 1.1 million people have loaned more than $542 million to people in 73 countries. The money is used to provide capital to people who can't access a traditional bank. And 99 percent of the time your money is repaid so you can take your $25 and help change someone else's life.

Grameen Foundation
Finance experts apply their knowledge to the underappreciated strengths of the poor through the Grameen Foundation. One of the ways they help is through microfinance. From now until the end of March your gifts to this non-profit will be matched, dollar-for-dollar up to $10,000.

VisionFund International
VisionFund is all about helping kids by offering small loans and financial services to families living in poverty. The goal is to help the children in those families grow up with improved health and education. Make a donation at worldvisionmicro.org.

Since 2002, GlobalGiving has inspired more than 374,000 people to give more than $105 million to support nearly ten thousand projects. Simply select the projects you want to support and once you donate you'll get email updates from the project so you can see how your gift is working.

Trickle Up
Help empower those who live on less than $1.25 a day with a donation through TrickleUp.org. By partnering with local agencies, people are given seed money to launch or expand their businesses which in turn strengthens their communities.

United Prosperity
With United Prosperity you can keep helping forever. Pick an entrepreneur you'd like to support. The organization then unites your loan with other online lenders. Track the entrepreneur's progress and once you get your money back you can recycle it by helping out another person.

By Alison Storm

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