The Power of Giving
Giving is in the news a lot recently especially with the publication of Bill Clinton’s book, Giving. I’ve mentioned previously that i am a big fan of Kiva and today some of my first loans were repaid. So far i’ve made 15 and 4 have repaid all ahead of time which is great.
So with new money available to re lend i searched out some new potential borrowers but could only lend $25 at a time and then just two loans in total. Why?
Because Kiva is so overwhelmed with support that there are not enough businesses to lend to. They want to make sure as many people as possible get to be involved.
That’s great news on all fronts.
Ultimately we are moving towards a point where money will be viewed more and more as energy, not to be stored up but to be spread around. P2P finance, as well as other forms of exchange, have the opportunity to subvert current systems because it is people led. Social capital via the web is being built at an astounding rate.
Giving is just one way of building this social capital which will be so important to the success and prosperity of society.
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