There’s been a lot of press over the last two years about the state of the world economy, and the corporate concept of ‘too big to fail’. I’d like to turn that statement on it’s head and propose that in today’s world, we need to focus on the fact that our critical thinking should address the concept of ‘too small to fail’. In other words, for the most stable and peaceful global economy in the future, we need to provide individuals with the tools to lift themselves out of poverty and to succeed. One of those tools is microfinance.

If you are familiar with some of the microfinance organizations like Kiva, their mission is focused on providing micro loans to adults in developing countries. There is a new movement, which takes it a step further and focuses on the next generation and their college level education – Vittana.

Did you know that in most countries student loans do not exist? Vittana provides the avenue for people like you and me to participate in the student loan process and fill that void. Vittana works in developing countries – Vietnam, Mongolia, Nicaragua, Paraguay and Peru – with local microfinance organizations who develop the selection criteria based on their knowledge of local culture and the job market.

Loans are given to students in their final year of college or those in short term vocational programs to assure the highest rate of success. It’s estimated that by finishing their education, they will improve their income earning potential by 200-300%.

Vittana’s business model is one of student loans, not scholarships. Once the student graduates, they begin a repayment schedule which is outlined on the website along with the profile of the student. As with all microfinance, this is a hand up, not a hand out.

The dignity that comes with the ability to make a living, support yourself and your family is invaluable and a currency that we all need to trade in for our successful future. I hope you will check out Vittana and make a student loan today.  Feel free to join the HarmonyWishes community and be a part of our lending team or create one of your own!

Have you ever wondered how microfinance organizations like Kiva work?  Well, one part is their Fellows program.  It’s an unpaid volunteer position designed to increase Kiva’s impact in the field.  You need to be able to commit a minimum of three months in another country.  It offers a rare opportunity to travel abroad and witness the impact and realities of microfinance.

The latest group of Kiva Fellows has just finished training and are ready to embark on their various assignments in different parts of the world.  They definitely rock in more ways than just musically, but even in that area they are impressive!

If it sounds like something that might be right for you, check out the Kiva site for more details.

It’s no secret that HarmonyWishes has a soft spot for Kiva - the microfinance organization that lends money around the world. We use a portion of our proceeds to make loans to people all around the globe. Here are just a few:

We would love it if you would join our lending team and help us spread good will, good fortune and support to provide a dignified means of lifting people up out of poverty. It’s simply good karma. Just click on our link to find us at Kiva: HarmonyWishes Lending Team