Kiva Microloans

Monday, May 3, 2010

Dear readers,

I have been thinking about the prices of clothes, the sustainability of purchasing from a company that manufactures in Asia and working conditions of the people there. As you might have read in my Interview with Kyle Vucko, I very specifically asked him about the working conditions of Indochino tailors. Clearly, Indochino has been thinking about this question as well and they do provide wages and working conditions above the norm. 

For quite some time I have been active for an organization named Kiva. What Kiva essentially does is to connect people from developing countries with a business idea and needs for loans, with other people from all over the world, who are willing to lend money to them.
Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending. (kiva.org)
I have added one of their banners to my blog and I have already donated. I have decided to focus on women working in the clothing industry in Asia. I will donate 25$ to this area every month and it would be great if you could consider donating as well. Perhaps every time you buy an Indochino suit, 25$ could go to a Kiva member. It's a small sum for us and it makes a great difference for someone. You can read all about Kiva on their website: http://www.kiva.org/

Update: What I forgot to say, of course the loan gets repaid to you, so in most cases (some loans default) you are not losing any money.

Thank you very much for taking the time to read this and for considering,
best,

Lorenz