Their mission: “to connect people, through lending, for the sake of alleviating poverty. Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending.”
Kiva promotes dignity, accountability and transparency. You can lend individually or though an established team. The minimum amount that can be loaned to an entrepreneur on Kiva is $25. There is now an option of starting your own team of lenders. Payment is through paypal. There is detailed information on their website and the process is facinating. It’s one of those “hard to believe stories”.
Here are some statistics from the website:
Number of loans funded through Kiva: 181,431
Percentage to women entrepreneurs: 82.29%
Number of countries located in: 52
Current repayment rate (all partners): 98.48%
Visit the Kiva website for detailed information on the entrepreneurs and their businesses, goals, dreams and fulfillments and much more. For only $25, we can help someone change their life.
Have a healthy day…