Canadian financial firms offer investors role in global microfinance lending
Kamil Ramazanov is looking for a loan. The Azerbaijani butcher wants to buy two calves and is looking for US$950. He's offering to repay the money monthly over the next 12 months. His profile on Kiva.org says he's 49, lives in the town of Khachmaz with his wife and three children and owns a butcher shop. Welcome to the world of international microfinance, where ordinary people in first-world countries can become lenders to ordinary people in developing nations.