The microfinance website Kiva is doing its first ever $1 Million Match Day today, which means that if you make a loan which falls under the conditions of normal bonus loans (less than than 18 months and greater than 3 stars), your loan will automatically be matched. If you’re a member of the Kiva Nerdfighters, the nerdfighter team will be credited with, e.g., $50 instead of $25! Kiva Nerdfighters have loaned over $4 million overall to entrepreneurs around the world.
Normally when you join Kiva you get $25 to use for free but this is on hold for today, so if you’d like to take part in what looks to be the biggest lending day in Kiva history you need to use existing Kiva funds or add more to your account. $25 loans have a 98% repayment rate on Kiva.org overall, which means that more often than not your loan will be repaid and you can reloan that money to other entrepreneurs! Approved loans can be seen here.