Add one part tech, one part business smarts, hold the do-gooderism. What do you get? A whole new approach to charity

February 28, 2008 from Fortune Magazine – “Kiva is a nonprofit, but it has the heart of a Silicon Valley startup. Executives call it a "company." Rather than tax-deductible donations, users pledge interest-free loans. Standard-issue charities take as much as 40 cents on the dollar for administrative costs, but Kiva directs 100% to borrowers, thanks in part to free payment processing from PayPal… So far Kiva has attracted nearly 250,000 lenders and disbursed $22 million across 40 countries…”

180 View – Technology has the power to not only improve business process but also to improve our world. We predict Kiva will make a huge difference.