Since we found out that Kiva’s international microloan partners were charging usurious annual interest and fee rates of often more than 50% and sometimes more than 100%, we halted our donations to Kiva and started issuing plain old micro-grants to international charities instead.
But we still have a balance at Kiva as those old micro-loans [...]
For every sweatshop-free t-shirt we sell at Skreened, we set aside a dollar to donate in aid in overseas economic development. Initially, we participated in microloans under the Kiva system, but after we found out that Kiva imposes back-breaking interest and fees on almost all of its borrowers, we shifted our giving to grants without [...]
In addition to donating a dollar to a liberal cause in America every time we sell a sweat-free shirt through Skreened, we send another dollar to an entrepreneur in the developing world who’s trying to self-start business. That way, you can have the security of knowing that the shirt on your back was made with [...]
For every shirt we sell through Skreened, we dedicate a dollar to a low-interest Kiva microloan fund to someone who is trying to start up an independent business. We won’t derive income from this; any money we make from these microloans will be sent back for more overseas development. Our latest microloan goes to Mamadou [...]