Changing the world through business.
I want to change the world for the better. Make life worth living for people who have next to nothing right now. One way I can reach this goal is through social entrepreneurship.
A social entrepreneur is someone, through business practices, builds a venture to create social change in today’s society.
One organization that I admire is Kiva. Kiva is a micro-lender. What this means is that it lets people from poverty-stricken nations to receive capital in which they build a business out of. The person would in turn, pay back the money in full to the person who lent the money. The loaner could then in turn choose to lend the money out again or hold onto it.
Because of the lack of motivation of banks to lend them money, aspiring entrepreneurs in third world countries cannot muster up enough dough to support their business plan. Kiva changes this by offering a channel for easy funds, while earning a profit by charging them 35.21% average interest rate to handle the operations of the business as well as relending that same profit. Some might say that the interest rate is high, but reports show that the benefit they receive pales in comparison to this minuscule fee.