{"id":254,"date":"2008-08-31T18:34:52","date_gmt":"2008-08-31T22:34:52","guid":{"rendered":"http:\/\/blog.local\/?p=254"},"modified":"2008-08-31T18:34:52","modified_gmt":"2008-08-31T22:34:52","slug":"giving-something-back","status":"publish","type":"post","link":"https:\/\/blog.local\/giving-something-back\/","title":{"rendered":"Giving something back"},"content":{"rendered":"

Philanthropy in the past has been limited to individuals of mass wealh or huge companies.<\/p>\n

However every one does do their bit helping one another out and their local causes.<\/p>\n

We view Philanthropy as out of our reach…. for now… maybe later in life.<\/p>\n

Causes such as Kiva<\/a> unlock this and unleash the long tail<\/strong>.\u00a0 So we can all engage in helping others out (in $25 usd increments).<\/p>\n

Kiva provides a platform for people like you and me to provide funds to micro finance companies in developing and third world countries<\/strong>.\u00a0 On this platform you invest in their project or business and in return they provide blog updates and knowing you’ve had a direct hand in helping someone else out.<\/p>\n

Your investment doesn’t end there.\u00a0 Once its repaid you get the money back and can reinvest it in others.\u00a0 Yup you get every cent back.<\/p>\n

As a bit of a hobby economist this concept is awesome, using the multiplier effect (looking at how additional investment will flow in an economy) you can find how many times your investment will flow through the economy.\u00a0 Simply 1\/percentage of savings ie in Peru the savings levels are 17% so 1\/.17 = 5.9.\u00a0 Meaning your investment will add ~ $125 to the gdp of Peru.<\/p>\n

Thats only on a basic level, there are further flow on effects.<\/p>\n

So my idea to you is:<\/p>\n