How You can Directly Promote Entrepreneurship in the Developing World

Periodically, I will use student posts as the inspiration for posts of my own here. This post is inspired by an informative post by Matt and Russ on the NGO KIVA allows you, from the comfort of your keyboard, to monetarily support entrepreneurship in the developing world through facilitating the supply of micro-credit loans to budding entrepreneurs. This allows these individuals to overcome the handicap of poorly developed credit markets in these countries. [You may want to ask yourself why credit markets in most parts of the developing world are poorly developed.] For as little as $25 US, you can help a budding entrepreneur get the funding s/he needs to attempt to build a sustainable living for themselves and their families. The principal is returned to the donors (or lenders, more appropriately) within a specified time period. We’ll look at micro-credit in both PLSC240 and PLSC250 later in the course. Here is former President Bill Clinton explaining the concept of KIVA to Fox News’ Greta van Susteren.