October 01, 2010

Kiva Student Loans: The Human Stock Market

You guys know about Kiva by now. My favorite micro-lending organization. You team up with strangers, each giving a $25 loan to a third-world entrepreneur, and as they succeed, you get your entire loan back to re-give to someone else.

It's awesome. Well, here's the news. Kiva is branching out into student loans. You team up with strangers to help ambitious children go to college who otherwise wouldn't be able to afford it. They pay you back after completion through the new career they're in.

This is awesome, but obviously takes longer for repayment. While traditional Kiva loans are typically repaid in 1 year, these Kiva student loan repayments take from 1-3.

And here's the wrench I want to throw into this system. Let me invest in these kids. Give me my Human Stock Market. I give $500 for a .008 (or whatever it is) stake in this child's future. I'm not just helping them. I'm betting on them. I believe in their dreams. I believe in their potential.

They get their education. I get paid off throughout their career if I'm right. I don't care if you think it's creepy. It's going to happen. Look how close Kiva is already?