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March 15, 2007

Podcasters to Host 24 Hour Live Podcast for KIVA

Posted in: Press Releases

PODCASTERS TO HOST 24 HOUR LIVE PODCAST TO BENEFIT KIVA, A WEB-BASED MICROFINANCING CHARITY

Talk-a-thon held  at Noon on March 18th, 2007

Pittsburgh, March 15, 2007 - Podcasters will unite to raise money and awareness for Kiva, (http://www.kiva.org/) a web-based microfinancing charity that enables individuals to lend money to people in developing countries for starting small businesses. Microlending is a way for those of us who have benefited from the Internet and the prosperity of the Western world to give something back,” said Dave Nelsen, CEO of TalkShoe.

The 24 hour Talk-a-thon will start at noon (US Eastern Time) on Sunday March 18th 2007 on TalkShoe (www.talkshoe.com). Anyone and everyone can join in the live interactive podcast to listen, talk and text-chat. During the Talk-a-thon (http://talkathon.org/) podcast hosts will raise awareness about Kiva and microlending, and ask listeners who are so inclined to contribute money to a dedicated PayPal account. TalkShoe will administer lending of this money to developing nations’ entrepreneurs thru Kiva, a website that has been implemented as an efficient and effective microlending program. 100% of the funds raised, including $500 contributed by Dave Nelsen of TalkShoe, will be perpetually reinvested thru Kiva. Periodic progress reports will be given on TalkShoe’s blog.
    “We feel that those of us who get so much information, entertainment and community from the Internet should also explore its use to make the world a better place for all its peoples”, says Randolph Resnick, who had the idea during a live TalkShoe podcast.

Kiva has receive accolades from organizations including NPR, the New York Times, the BBC, PBS, ABC News, Business Week, the Wall Street Journal, CNN, The Village Voice, and the blogosphere. The following quotes are from the Kiva website.

Vinod Khosla, founding CEO of Sun Microsystems and partner at the venture capital firm Kleiner Perkins, has called microlending “one of the most important economic phenomena since the advent of capitalism and Adam Smith.”

The New York Times, in its article Web-Based Microfinancing, December 10, 2006 said, “At Kiva.org, a schoolteacher in Kansas can partner with an expert seamstress in countries like Kenya, Mexico and Ecuador to jump-start a tailor shop.”

“Friends and neighbors have been lending one another money forever, but as the Web makes virtual neighbors of strangers, Kiva, which is Swahili for ‘agreement’ or ‘unity,’ is harnessing the power of social networking to support micro-enterprise in the developing world,” said Business Week in A Little Money Goes a Long Way, July 31, 2006.

About Kiva (from Kiva’s website)

Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can “sponsor a business” and help the world’s working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you’ve sponsored. As loans are repaid, you get your loan money back. Kiva partners with existing microfinance institutions. In doing so, we gain access to outstanding entrepreneurs from impoverished communities world-wide. Our partners are experts in choosing qualified borrowers. That said, they are usually short on funds. Through Kiva.org, our partners upload their borrower profiles directly to the site so you can lend to them


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