Kiva to feed cash-starved US small businesses
Kiva.org has spent the past 3 1/2 years raising money on the Internet to finance destitute entrepreneurs in 44 impoverished countries. Now in a sign of the economy’s spreading despair, the online “microlender” is reaching out to low-income entrepreneurs in the United States.
The expansion kicks off Wednesday when Kiva will let needy U.S. small businesses vie for funding alongside a melting pot of cash-starved entrepreneurs that includes everything from a Cambodian fisherwoman to a Moldovan butcher to a Bolivian taxi driver.
The U.S. listings will start with about 45 businesses in Boston, New York, Miami, Atlanta and San Francisco. Read more:
Technorati Tags: BusinessWeek, MICHAEL LIEDTKE, Kiva.org, entrepreneurs, Premal Shah, NCET, Nevada’s Center for Entrepreneurship and Technology
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