Why you should Micro fund to help alleviate poverty

posted 12 Apr 2011, 07:32 by Diane Shawe   [ updated 12 Apr 2011, 08:42 ]
I fully support this organisation called KIVA.  I really think it is a worthwhile idea and for the price of a Steak meal we can help change the lives of many.

So what and who is KIVA?

They 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. Learn more about how it works.

Since Kiva was founded in 2005:

  • 572,898 Kiva lenders
  • $205 million in loans
  • 98.65% Repayment rate

We work with:

  • 131 Field Partners
  • 450 volunteers around the world
  • 59 different countries

Why they do what they do

Kiva 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.

Kiva believe providing safe, affordable access to capital to those in need helps people create better lives for themselves and their families.

How they 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.

Learn more about how it works.

How they are 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.

They are incredibly thankful for the support that has enabled them to do the work that has touched the lives of so many people.

Learn more about our corporate partnerships or make a donation.

How you can get involved

Click to see who I have sponsored

Here's a lady I helped to  Support!

Loan in Kenya has been 100% funded

This is an update on your loan to Kimererio Enole Nakole in Kenya.

Thanks to you and 18 other Kiva Lenders, the $500.00 loan request in Kenya has been 100% funded.

This loan will be used for the purpose of: To buy maize seed, fertilizer and cows to expand a small scale farming operation

Over the 8 months of this loan, Kiva's Field Partner in Kenya, Kenya Agency for Development of Enterprise and Technology (KADET), a partner of World Vision International, will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website:

Thanks for lending to the world's working poor on Kiva!

Best Wishes,
Kiva Staff