A Really sweet site that helps those without the funds to grow their business’s, accomplish projects and feed their families, effectively helping alleviate poverty. All loans eventually get paid back to you in the form of credits, from there you are able to lend them out to another project, individual or business in need!! Really cool! I helped two different fruit vendors in the Philippines with the money needed to buy more produce to sell.
Right from Kiva’s site:
“We are a non-profit organization with a mission to connect people through lending to alleviate poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help create opportunity around the world.
Since Kiva was founded in 2005:
612,118 Kiva lenders
$232 million in loans
98.79% Repayment rate
We work with:
135 Field Partners
450 volunteers around the world
59 different countries
Why we do what we do
We envision a world where all people – even in the most remote areas of the globe – hold the power to create opportunity for themselves and others.
We believe providing safe, affordable access to capital to those in need helps people create better lives for themselves and their families.
How we do it
Making a loan on Kiva is so simple that you may not realize how much work goes on behind the scenes.
Kiva works with microfinance institutions on five continents to provide loans to people without access to traditional banking systems. One hundred percent of your loan is sent to these microfinance institutions, which we call Field Partners, who administer the loans in the field.
Kiva relies on a world wide network of over 450 volunteers who work with our Field Partners, edit and translate borrower stories, and ensure the smooth operation of countless other Kiva programs.