Kiva Lending Team: Invisible Hand
Summary | Loans | Members
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| Location: | Coral Gables, FL |
|---|---|
| Category: | Common Interest |
| Team URL: | http://www.kiva.org/team/invisible_hand |
| We loan because: | The "Invisible Hand", as the original idea of Adam Smith envisioned, aims to foster the entrepreneurial spirit so that the individual “By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.” (1776, Wealth of Nations) Control of poverty and development of individual freedom, channeled through economic progress, are the societal goals we aim to promote. It is our belief that as we foster entrepreneurship, economic prosperity follows, more jobs are created, and poverty is reduced. Meanwhile the individual gains financial independence, an essential key to individual freedom. Neither reduction in poverty or individual freedom were the original goals of the entrepreneur, but they are the unintended consequences from which all of us benefit. |
| About us: | Individuals who join this group want to increase FREEDOM in the world, primarily individual FREEDOM. We recognize that private property and economic development are the best mechanisms that society may offer to achieve this goal. It is our intention to help in this endeavor by promoting the closely linked entrepreneurship. |
| Check out: | http://invisible-hand.net/ |
| Team Since: | Oct 20, 2008 |
Impact of Invisible Hand
| Statistic Name | Invisible Hand |
|---|---|
| Number of Team Members | 29 |
| Number of Loans | 283 |
| Number of Loans per Member | 9.76 |
| Total Amount Loaned | $7,750.00 |
*Updated as of Nov 22, 2009 11:52 am
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