How to Use PayPal to Become a Micro Lender

1. Understand how microlending works. You use your PayPal account to help fund a loan request in whatever amount you are willing, and the organization that is collecting the money will send it to that needy person when the loan amount has been collected. The loan requester then repays the loan, and you get your money back.
2. View the requests for loans from entrepreneurs at kiva.org. Choose someone you feel is worthy, and make a loan of at least $25, which is the minimum amount accepted. Understand the length of the loan and when you can expect to be repaid. Some loans are repaid through monthly payments, others you get back in a lump sum at the end of the loan period.
3. Receive periodic updates via email from the person or company to whom you gave the microloan. Learn how they're using the funds to better their lives and the lives of their families.
4. Feel a sense of satisfaction knowing that you're helping someone who is part of the working poor population, and helping them strive toward economic independence.