Lending for cool air and Mr. Schick's hair.

                Today in Human Geography we started our mini lesson in microfinancing. On the first slide we had some vocabulary terms. Microfinance is a form of finance, but specifically for small businesses and entrepreneurs who don’t have access to normal banks or other services like it. A microloan is also for small businesses, but is a loan for the business or entrepreneur to use to expand their already working business. Mr. Schick then showed an example called Kiva, a site that runs microloans by donators paying money to a certain cause. Then the receiver uses the money and repays it over a certain period of time back to the donators. Kiva is reputedly one of the best loaning companies, and they have distributed over $950,000,000 in loans since 2005. Kiva also has a 98 to 99 percent return rate on the money they loan out, which is a very good statistic for a company that does loans. After that we looked around the website for Kiva, and looked through the different causes you could support on the website, ranging from a new school classroom somewhere overseas to an old grandma’s new AC unit (who really shouldn’t be using the site, come on people, an AC unit?).