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May 05, 2010

Kiva - Loans that change lives


Kiva - loans that change lives



Got a few  minutes and $25? Go to KIVA and lend your $25 to someone in need.


                                           Lend? Yes, lend it!

Instead of a charity where you donate the money, via Kiva you can lend your money to someone on the other side of the globe!

For example a mother of four from Rwanda in need of a loan to buy clothes to start her own clothingstore or a group of 15 people from Cambodia in need of funds to buy more groceries to resell in their general store. Go to the Kiva website and decide yourself who you will loan your $25 to.

When you click on the name of the person or group of your choice you can read more about them and their plans with their money. You will also find the repayment schedule and the term in which your loan will be paid back.




Kiva is the perfect example how people from all over the world can work together to assist someone in getting out of the cycle of poverty


Got your loan back? Invest it in another entrepreneur and change their life!

I used my $25 to support 21-year-old Fatoumata from Senegal. She is married and mother of one child and she owns a small shop with food products. We can help her grow her business by allowing her to buy larger stocks with her loan. She has already received 5 loans in the 2,5 years she has been a member of the loan group, all well-managed and paid back on time.



Tried this? Tell us about in by clicking on 'reacties' below.

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