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Kiva - Loans that Change Lives: Microfinance offered online through a worldwide network of MFIs

HomeKiva - Loans that Change Lives: Microfinance offered online through a worldwide network of MFIs
HomeKiva - Loans that Change Lives: Microfinance offered online through a worldwide network of MFIs

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Apr 15, 2013

 

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Kiva - Loans that Change Lives: Microfinance offered online through a worldwide network of MFIs

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:
• 918,735 Kiva Lenders
• $421,106,525 in loans
• 99.01% repayment rate
We work with:
• 192 Field Partners
• 450 Volunteers around the world
• 67 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.
How we're funded:
100% of every dollar you lend on Kiva goes directly towards funding loans; Kiva does not take a cut. Furthermore, Kiva does not charge interest to our Field Partners, who administer the loans.
Kiva is primarily funded through the support of lenders making optional donations. We also raise funds through grants, corporate sponsors, and foundations.
We are incredibly thankful for the support that has enabled us to do the work that has touched the lives of so many people.
How you can get involved:
• Make a loan!
• Purchase a Kiva card.
• Share Kiva with your family and friends.
• Work or volunteer with us.
• Learn more about microfinance and why Kiva is unique.
For more information refer to http://www.kiva.org and http://www.kiva.org/about/how/

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