How to Double Your Charity Money Impact in 2 Years?

Well there are many ways to double your money and every one is looking for one of them 🙂 Here I am sharing with you one of the way to double your charity money impact. In less than 2 years, I made loans worth $1475 by just spending $630.

Around 2 years back in Dec 2009, I started an experiment. I came across a website that helps you Loan (not donate) a small sum of money to a needy but enterprising person in a remote country through the internet. It is a loan and not just one time donation, since the person to whom you lend the money is supposed to return it back to you.

So almost every month I started giving loan of $25 (around Rs1200 ) to a new person for different reasons.  Eg. To buy seeds and farm supplies, to repair a home, to buy a new sewing machine or to expand a grocery shop. See some of the needy ones below.

After 3-4 months, I received around $10 back. I added more money to make it $25 and loaned it to another person. Soon I started getting more of my loan money back and I kept on reloaning the same money again. In total I loand around $30 every month.

To cut a long story short, in 21 months, I spent around $630 in loans (approximately $30 per month). But when I counted my loans, I had given 59 loans which is around $1475 worth of money to people. So effectively in 21 months my $630 were used for making loans worth $1475 which is more than double the amount I had put aside for charity.

And the best part is that if I want to come out of these loans, in 6-9 months I would get most of my $630 back.

If I look at the following curve, it is increasing in a non-linear manner. It took me 8 months to make 10 loans, but it took me 7 months to make 20 more loans. Even though I spend a fixed amount ($25) every month, the number of loans I make is increasing every month. This is due to my previous loan amounts becoming available for re-loaning.

Overall, I am very pleased with my experiment and these results. If you would also like to join me and enjoy doubling your charity money impact, you can do so on

Following is my complete portfolio numbers as of Oct 2010.

My Experiments with Kiva

Kiva is a site through which you can give money as a loan to a needy person. There are poor people across the globe who need a relatively small amount of money to start or promote their business. This loan can help them improve their situation and come out of the vicious cycle of poverty. Eg. A fruit vendor may need a few hundred dollars to buy a better vending cart. A sewing shop owner may need to buy some sewing machines to expand the business. A farmer may need some money to buy seeds and fertilizer.

You can loan as less as $25 (around Rupees 1200). If a borrower needs $500 he will fund 20 persons willing to loan $25 each to him. Once he gets the money he puts it in the business and returns it to the 20 persons. Hopefully his business picks up and he starts returning the borrowed money.

I started giving loan around Jan 2010. I made it a point that I will make one loan of $25 every month. Well sometimes I get some extra money like bonus etc, I loan additional $25. With time I keep getting my previously loan money. Once I get my loan back, I have an option to get it in my account. But I used to reload that money.

Slowly, I started having more money in my portfolio and I started giving it as a loan to more people.

Since my first loan I have put total $650 in loans. But I have received the money back quite regularly and I kept reloaning it. As of now I have made loans worth $ 1450 with actual cash $ 650. Now every month I get around 4 loans back and I keep loaning it to people round or Farr from me.

Overall, I liked Kiva due to it’s simplicity it’s reach to remote Areas.