ArtistPromos.com has formed a non-profit microfinance group for fans of rap music. “Team Rap” was formed to unite rap music fans, and utilize social networking in hopes to alleviate poverty in third world countries. Their hope is to have music fans, industry executives, and artists come together on the internet and loan money directly to people in third world countries.

A press release was sent out stating Kim’s involvement in the project, but was quickly revised and resent. Apparently someone was falsely claiming to represent her…and the company found out they were bogus. They sent out the following statement:

We were advised by the artists’ friends that the person representing her interest in the project was not authorized to do so. Lil’ Kim does not currently have management and could not be reached to verify her friends’ story. It has been decided to drop Lil’ Kim from the philanthropic project and go in a more general direction.

That’s unfortunate! I think this is a good concept! Would have been cool to have Kimmy involved.

You can still get involved though! Visit www.Kiva.Org to get started!