Potential

Generosity for Potential Economic Law #6: The Boaz Principle Elevated “The value enabled by generosity exceeds the cost of the corner.” The Kiva Proof In 2005, Matt Flannery and Jessica Jackley founded Kiva with a radical premise: lend money to people who traditional banks wouldn’t touch, and trust them to pay it back. The results: Metric Value Total Loans $2,000,000,000+ Repayment Rate 96%+ Countries 77 Borrowers 5,000,000+ Traditional economics said this was impossible. People without collateral, without credit history, without the “right” background — they were bad bets. The math didn’t work. ...