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Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can "sponsor a business" and help the world's working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you've sponsored. As loans are repaid, you get your loan money back.
I would agree that the best way to take advantage of volatile markets in markets like India / China is to buy when the markets are close to 52-week lows. Again a contrary call.