Matt Flannery, CEO of Micro-loan company Kiva.org, see’s the key role small, women owned business plays in shaping a bright and promising future for All Humanity and is a big supporter of Independent Businesses
“We connected with Flannery to discuss how he perceives the current social media landscape, and why it has become so important to his personal mission of empowering entrepreneurship in the developing world.”
Q:The social web seems to be moving us toward a world of micro-communication and micro-communities. Do you see this as a parallel to the success of micro-finance?
A:Yes I do. I was just in New Orleans where our users gave loans to 14 small business entrepreneurs in the 7th and 9th ward — communities that have suffered greatly in the post-Katrina economy. On launch day, I watched the astonishment of these entrepreneurs as they witnessed their loans getting funded. It was hard for them, at first, to understand why people from Sweden to Seattle were reaching out to them with a helping hand. They slowly began to understand they were part of something greater — a global, digital community. I asked one of the women if it felt like pressure to pay them back. She said she wanted to pay back so that she could give an opportunity to another entrepreneur like herself. She wanted to give back. That’s a new twist on an ancient dynamic in the micro-finance movement. It was mutual reciprocity online. It could become a massive village bank. I’m excited. That’s why I do what I do.
~ Read the whole article at mashable