KIVA – Loans that change lives

Giving a Hand Up Rather than a Hand Out

Kiva Let’s You Loan to the Working Poor

My son contributed money to Kiva in my name for Christmas in 2006 (he knows I don’t want stuff anymore). With that beginning, I loaned those funds to a woman in Peru. When she paid the loan back the funds were placed back in my account to loan to another micro-enterprise. Since that time, I have added money to my account and have made 2 more loans to women (one in Africa and So. America) who are supporting their families as they repay their loan. The stories are countless, the effect is huge. Please consider opening up your own Kiva account and begin helping the poor of this world. They don’t want a hand-out, they need a hand up.  Find more about Kiva here.

Kiva’s mission is to connect people through lending for the sake of alleviating poverty.

Kiva is the world’s first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world.

The people you see on Kiva’s site are real individuals in need of funding – not marketing material. When you browse entrepreneurs’ profiles on the site, choose someone to lend to, and then make a loan, you are helping a real person make great strides towards economic independence and improve life for themselves, their family, and their community. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates and track repayments. Then, when you get your loan money back, you can relend to someone else in need.

Kiva partners with existing expert microfinance institutions. In doing so, we gain access to outstanding entrepreneurs from impoverished communities world-wide. Our partners are experts in choosing qualified entrepreneurs. That said, they are usually short on funds. Through Kiva, our partners upload their entrepreneur profiles directly to the site so you can lend to them. When you do, not only do you get a unique experience connecting to a specific entrepreneur on the other side of the planet, but our microfinance partners can do more of what they do, more efficiently.

Kiva provides a data-rich, transparent lending platform. We are constantly working to make the system more transparent to show how money flows throughout the entire cycle, and what effect it has on the people and institutions lending it, borrowing it, and managing it along the way. To do this, we are using the power of the internet to facilitate one-to-one connections that were previously prohibitively expensive. Child sponsorship has always been a high overhead business. Kiva creates a similar interpersonal connection at much lower costs due to the instant, inexpensive nature of internet delivery. The individuals featured on our website are real people who need a loan and are waiting for socially-minded individuals like you to lend them money.

KIVA is 35 months old and has raised $42,242,485 with a repayment rate of 98% Loaned to 83,294 entrepreneurs from  144 countries  and funded by 333,396 Kiva users  (just like me).  JOIN  ME PLEASE

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