Kiva is a non-profit that empowers people around the world by providing them with access to affordable loans and microfinancing. Their online platform connects individuals, businesses, and organizations with borrowers in need, enabling them to create positive change in their communities.
Offering loans as low as $25 allows individuals and small businesses to start or expand, thus creating jobs and driving economic growth. Since 2005, Kiva has lent over $1.7 billion to 4.3 million borrowers in 94 countries.
Most loans are for education, healthcare, the arts, water and sanitation, eco-friendly businesses, and women.
In many communities around the world, access to traditional banking is limited or nonexistent. Kiva fills this gap by providing financial services to those previously excluded from formal banking systems. By offering loans through a local partner, individuals can build credit, save money, and improve their financial stability.
They recognize the importance of small-scale businesses in promoting economic development. Because loans start as low as $1,000, they can support entrepreneurs in rural areas with limited access to capital. This support helps local businesses thrive, generating income and supporting the local economy.
They’re also committed to creating equal opportunities and empowerment by focusing on women-led businesses and social enterprises.
Kiva’s impact extends beyond just providing loans. They work to build sustainable communities by fostering collaboration among lenders, borrowers, and local partners. Through their online platform, lenders can connect with borrowers, learn about their personal stories, and engage in meaningful conversations about community development.
Their innovative approach to microfinancing empowers communities around the world by providing access to affordable loans, financial inclusion, small-scale businesses, women’s empowerment, and sustainable community development.
By leveraging the power of technology and connecting individuals across borders, Kiva is creating positive change in communities worldwide.
To learn more, please visit https://www.kiva.org/.
