Last November, Doba worked with Connect Magazine and the Utah Technology Council to bring Guy Kawasaki to Utah.

I posted at the time that because we charged attendees $10, we were able to make a donation to Kiva for $4,000.

Shortly after the event in November, we loaned that money to 40 entrepreneurs all over the world. Well, a few weeks back, we had our first loan repaid in full, so we were able to re-loan $100 of the initial contribution. We’re well on our way to support at least 200 small businesses from around the world with micro-loans in the next 5 years.

Check out the Doba Kiva Fund to see the portfolio of loans we’ve made.

If you don’t know about Kiva, go check it out. It’s pretty dang cool to help these people better their lives. And it literally blows my mind that of the millions of dollars lent, Kiva has a repayment rate of 99.89%. Can you believe that? These entrepreneurs really don’t know how to fail when someone reaches out a hand and says, here, borrow a bit of money from me to drastically change you and your family’s circumstances.

Spearheading the Doba Kiva Fund is one of the coolest things I’ve ever been involved with in supporting entrepreneurship.

To participate,signup for a Kiva account and do your small part to help better the world. (Enter jhanks ‘at’ doba ‘dot’ com in the Referral field and they’ll link your new Kiva account to Doba’s)

I guarantee this is worth your time. It’s not worth your money however because you have a 99.89% chance that you’ll get that repaid to you!!!

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Posted by Jeremy at 10:44 AM
Category: Doba, Entrepreneurship| Comment| Trackback