A few weeks ago I was over at Sis. Anna’s blog where she mentioned an organization called KIVA, which facilitated micro loans to entrepreneurs in developing countries via the internet. This peaked my interest as I strongly advocate investing within African economies instead of the current system of reliance on foreign aid, which perpetuates the neocolonial dominance of these economies by the West… and now the East (China and India). Plus those who benefit most from this aid aren’t the ordinary people but the politicians, their families, associates and members of their tribal group.
I did some intensive research on the organization and asked a friend of mine who works in finance to also have a look and provide me with their expert opinion on KIVA’s credibility. We both came to the conclusion that they are involved in a worthwhile endeavour which is worth supporting. I then registered and created a lending team called: AfroSpear Initiatives.
For those who wish to be involved in this endeavour, visit KIVA’s website and do the research to understand how the whole process works. It’s quite simple and direct. If you decide to register, I invite you to join me also in our lending team. The team does not adminster any loans. As a part of the team, you will still continue lending as an individual, but you have the option to count each loan you make towards the overall impact of team AfroSpear Initiatives.
We are continually talking about supporting Africa and asking what can we do to help move the continent forward. Here is an opportunity to “put your money where your mouth is” by investing in entrepreneurs who are working to provide a better life for themselves, their families and their communities. There are many worthwhile enterprises to be supported, so every month I will recommend one which we can support as a team. If there is one which you would also like to recommend, I welcome you to do so, especially if an enterprise becomes fully funded, which happens quickly in some cases.
“When we invest in each other, we invest in ourselves”