Purni writes in

‘I would like to bring to your notice http://www.kiva.org. It is a fantastic non-profit organization that has it roots in Microlending. They facilitate small loans to people in poverty stricken countries like Uganda, Kenya, Nigeria. Please read more about them in their website. Microlending as you know is the concept that fetched the Nobel Peace prize for Muhammad Yunus’s Grameen Bank. http://en.wikipedia.org/wiki/Grameen_Bank

I recently came to know that this movement of Microlending is starting to take shape in India too. http://www.unitus.com

Please spread the word in your blog. Let people who want to do their bit, start making the difference.’

Vatsan adds
‘u shud also add SKS Microfinance as one of the pioneers of microlending in india. It is amongst the few companies which have made a profit and arent making losses. its founder was in the time list of 100 young entreprenuers or something.

http://www.sksindia.com/ chk that lnk for more details ‘

http://bankerinindia.typepad.com/my_weblog/2007/03/delhi_and_micro.html

Have a look at that post. it mentions SKS launching an IPO. that is the crux of microfinance, profit and making money :) Not philanthropy as kiva does. and this post also mentions unitus uve linked to is a microfinance fund, providing money for start ups, rather than a full fledged microfinance institution