The book The International Bank of Bob is written by Bob Harris. The International Bank of Bob is an account of his travels to Cambodia and other countries.
writer wanted to experience first hand, the impact that the KIVA
microloans had on the lives of people all across the world. It’s a
humorous account and a reminder that each of us can impact the world for
KIVA Loans are an alternative to traditional bank or credit union
loan facilities. people sometimes need smaller loans, or microloans.
KIVA Loans are usually for the amount of $25. There are many different
reasons why individuals may decide to get a loan such as this.
People who borrow
money via this method may not want to go to a bank for that amount of
money, or may be unable to get it because they are not a member of a
credit union or the loan is too small for a bank to handle.
They may have bad credit and may be unable
to get another type of loan at rates they can afford. Kiva.org makes it
possible for individuals to borrow between $25 and $50, at rates they
can afford. For some enterprising individuals, this amount is enough to
start their own business.