Kiva.org -- "Loans that change lives"
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What We Do
We let you loan to the working poor
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.
We partner with organizations all over the world
Kiva partners with existing microfinance institutions. In doing so, we gain access to outstanding entrepreneurs from impoverished communities world-wide. Our partners are experts in choosing qualified borrowers. That said, they are usually short on funds. Through Kiva.org, our partners upload their borrower profiles directly to the site so you can lend to them.
We show you where your money goes
Kiva provides a data-rich, transparent lending platform for the poor. We are constantly working to make the system more transparent to show how money flows throughout the entire cycle. The below diagram shows briefly how money gets from you to a third-world borrower, and back!
We facilitate connections
Kiva is 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.
Comments (1 - 2 of 2)
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Flag comment for removal HelenH 9 months ago
Well, that’s great. It seems like almost everyone is being dependent on loans to survive in this economic recession. Good to know that Kiva organization are giving an opportunity to those people who aren’t given any privilege with regards to financing. People are seeking for financial alternative to get over from this financial trouble. Likewise, the Term Asset Backed Securities Loan Facility (TALF), which has a part of ABS (Assets Backed Secutiry) that was made by the government will be making personal loans or business loans to borrowers who need a loan that have the asset to back it, such as equity, or other another asset. The idea is that the program will make credit more available and bring back some liquidity into the credit market. These are the kinds of government loans that could do some good, instead of just lining Wall Street’s pockets. Government loans are going to be made available to more people if they have assets to back it.
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I have personally used this website (www.kiva.org) and think that it is a wonderful website for peoople to loan money to other people who need it to start and/or expand their business in a developing country. Right now, I have 4 microloans out to people to expand their business. This is a great place since you get to chose the lendee and the country and type of business to lend to. Please check out. You don't have to give great amounts of money to lend. You can lend as little as $25 to a loan and Kiva.org will lump up all of the other small loans into one big micro loan that the business needs. Please check it out.
Michael |