I have made it a goal to contribute at least 10% of the profits earned by Brio Realty to charity. As Brio is still less than 2 years old and has been in a very rapid growth mode, deciding where to donate the 10% has not yet posed too much of a challenge, as we have been operating at a loss. Fortunately that has changed this year! :)
Tonight I stumbled upon a cool company named Kiva.org. It partners with Micro Finance organizations in developing countries and acts as a conduit between lenders and the entrepreneurs hoping to borrow money. Because these entrepreneurs are committed to repaying the loan, the money loaned on Kiva does not technically count as a donation. Although the IRS won't agree with me I think I feel justified including Kiva.org as a part of our corporate giving program, so long as we re-invest all monies repaid to us, back into the program to be used by other entrepreneurs.
Our first loan of $100 was to Esther W. from Kenya. As of the time of this post, she needs another $300 to complete the funding of her $450 loan.
Tonight I stumbled upon a cool company named Kiva.org. It partners with Micro Finance organizations in developing countries and acts as a conduit between lenders and the entrepreneurs hoping to borrow money. Because these entrepreneurs are committed to repaying the loan, the money loaned on Kiva does not technically count as a donation. Although the IRS won't agree with me I think I feel justified including Kiva.org as a part of our corporate giving program, so long as we re-invest all monies repaid to us, back into the program to be used by other entrepreneurs.
Our first loan of $100 was to Esther W. from Kenya. As of the time of this post, she needs another $300 to complete the funding of her $450 loan.
| Make a loan Change a life  | |||
| Name: Esther W. Location: Kenya | Loan Needed: $450 39% funded |
