Leobardo Camacho, the mexican shoe vendor, has repaid the money I loaned him!Thanks to Kiva I was able to give him a micro-loan using microfinance. Kiva facilitates this. I provide the captal. A local lender provides the actual loan which Leobardo pays over a year or so plus interest. I don't get interest myself, but I do get the warm fuzzy feeling and I also get my lowly $50 back. He actually borrowed $1200, so I was just one of several lenders who were pooled together by Kiva. Also, I used PayPal money to do all this, and since PayPal is a scam of sorts, I figured I would actually put the money I got from that junk I sold on EBay to good use.
Earlier this year Kiva was oversubscribed. They had too many people willing to loan money. Hopefully they have caught up with demand. If you'd like a Kiva "invite", so you too can join, just ask me and I'll send you one.