Kive is a super cool organization. I have ment to loan to them for well over a year, but finally got to it today. I have given to this lady to help her with her dairy business.
As I am typing this I am realizing that it is probably kind of strange for me to be giving her money for a dairy business when I am trying to be vegan ;). I liked her and I liked the fact that she had been already working for a while and her motivation was established. I like that this is helping her become self-sufficient and my money has the potential to change her life as well as years down the line to her kids and grandkids. Dairy doesn’t have the same animal cruelty issues in other countries and its high calorie content is much more needed. There is lots more projects and stories.
Here is information from their about page.
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. Learn more about how it works.
Since Kiva was founded in 2005:
- 633,471 Kiva lenders
- $252 million in loans
- 98.90% Repayment rate
We work with:
- 143 Field Partners
- 450 volunteers around the world
- 60 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.
Learn more about how it works.
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.