As most of you now know, we at NikeTalk donate all of our advertising revenue above basic hosting costs to charity.
Today, we're pleased to announce the donation of $6,820 to Kiva.org, a nonprofit microfinance organization designed to help connect socially conscious individuals with entrepreneurs in developing nations.
Popularized by Muhammad Yunus, founder of the Grameen bank and recipient of the 2006 Nobel Peace Prize, micro-lending helps impoverished entrepreneurs gain access to credit without paying usurious interest rates. Though not a broad-scale anti-poverty solution, micro-loans have nonetheless proven capable of positively transforming the lives of their recipients.
We'll be lending this $6,820 to individuals YOU select every two weeks via a two step process:
First, you'll have the opportunity to NOMINATE the entrepreneurs you'd like us to support. You'll browse Kiva.org, read the profiles of entrepreneurs in need of loans, and share your favorites with us. The list of nominees will then be trimmed down so that we can create a poll allowing everyone to cast their votes in an organized, efficient way. Once the poll closes, we'll fulfill as much of the loan amount as we can afford - up to the full $6,820 if necessary. If the remaining loan amount is relatively small, or if the loan has already been fulfilled by that time, we may opt to fulfill the loans of the top two or three vote-getters. Small loans are often completed quickly, too quickly for us to even vote on them, so think big!
Over time, these loans will be repaid. You'll be able to track the progress of the entrepreneurs we've supported on our kiva lender page: http://www.kiva.org/lender/niketalk Thus, we can repeat the process indefinitely.
This post will serve as both the official donation announcement AND the first nomination thread. Next week, we'll create the official poll to select our first loan recipient(s). From there, we'll create a new, separate nomination thread and continue the process for a long as money remains in our kiva account.
Of course, you don't have to wait for the official poll results to support these entrepreneurs. It's easy to create your own Kiva account and lend as little as $25. Remember, these loans will likely be repaid over time - so you should have the opportunity to lend that money out again and again.
Thanks as always for your support! Stay tuned for more exciting charitable announcements throughout the coming weeks and months.
Today, we're pleased to announce the donation of $6,820 to Kiva.org, a nonprofit microfinance organization designed to help connect socially conscious individuals with entrepreneurs in developing nations.
Popularized by Muhammad Yunus, founder of the Grameen bank and recipient of the 2006 Nobel Peace Prize, micro-lending helps impoverished entrepreneurs gain access to credit without paying usurious interest rates. Though not a broad-scale anti-poverty solution, micro-loans have nonetheless proven capable of positively transforming the lives of their recipients.
We'll be lending this $6,820 to individuals YOU select every two weeks via a two step process:
First, you'll have the opportunity to NOMINATE the entrepreneurs you'd like us to support. You'll browse Kiva.org, read the profiles of entrepreneurs in need of loans, and share your favorites with us. The list of nominees will then be trimmed down so that we can create a poll allowing everyone to cast their votes in an organized, efficient way. Once the poll closes, we'll fulfill as much of the loan amount as we can afford - up to the full $6,820 if necessary. If the remaining loan amount is relatively small, or if the loan has already been fulfilled by that time, we may opt to fulfill the loans of the top two or three vote-getters. Small loans are often completed quickly, too quickly for us to even vote on them, so think big!
Over time, these loans will be repaid. You'll be able to track the progress of the entrepreneurs we've supported on our kiva lender page: http://www.kiva.org/lender/niketalk Thus, we can repeat the process indefinitely.
This post will serve as both the official donation announcement AND the first nomination thread. Next week, we'll create the official poll to select our first loan recipient(s). From there, we'll create a new, separate nomination thread and continue the process for a long as money remains in our kiva account.
Of course, you don't have to wait for the official poll results to support these entrepreneurs. It's easy to create your own Kiva account and lend as little as $25. Remember, these loans will likely be repaid over time - so you should have the opportunity to lend that money out again and again.
Thanks as always for your support! Stay tuned for more exciting charitable announcements throughout the coming weeks and months.
