Friday, July 9, 2010

July 9 (Day 131) Loans that Change Lives

Kiva is a Swahili word meaning “agreement” or “unity”.  Kiva's mission is 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.org is a non-profit that is revolutionizing the fight against global poverty by enabling people to connect with and make personal loans—of as little as $25—to low-income entrepreneurs in the developing world. Most of the poor in developing countries are self-employed entrepreneurs and a small loan to purchase business-related items such as sewing machines or livestock can empower them to earn their way out of poverty.   View the current entepreneurs stories and loan requests here.

Kiva was born of the following beliefs:
  • People are by nature generous, and will help others if given the opportunity to do so in a transparent, accountable way.
  • The poor are highly motivated and can be very successful when given an opportunity.
  • By connecting people we can create relationships beyond financial transactions, and build a global community expressing support and encouragement of one another.

Kiva promotes:
  • Dignity: Kiva encourages partnership relationships as opposed to benefactor relationships. Partnership relationships are characterized by mutual dignity and respect. 
  • Accountability: Loans encourage more accountability than donations where repayment is not expected.
  • Transparency: The Kiva website is an open platform where communication can flow freely around the world.




As of November 2009, Kiva has facilitated over $100 million in loans.   Check out their website and learn more about Kiva and their mission.  Their website is awesome and is loaded with information about what they do and how you can help. 


Do More:

Donate to Kiva.

Help spread the word about Kiva.



Source: kiva.org

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