Microfinance is the practice of making financial services available to the poorest people in the world earning about $ 1 per day who do not have access to typical banking services.
By helping the active poor who make $1.25 per day and have the desire to help themselves, small amounts of money can go a long way in making them self-sufficient.
When jobs are created people survive on their own as their self-esteem and outlook on life improve dramatically. The income generated from their new businesses allows once poor families to begin to fulfill basic needs transforming one life at a time as each person escapes the tragedies of poverty.
In the next 10 minutes, 50 people will die from hunger. Our Mission is to Make an Impact by Investing and Transforming the Life of An Entrepreneur
Field Partner Testimonials
Reporting and photos by Tess Murphy
Stellah, Beullah and Tabeth make up the Mercedes Club Group in Zimbabwe, and all three women serve as the only source of income for their families. Over the course of ten years, their group has taken out several loans and supported each other both financially and also as friends.
Kiva headquarters was buzzing with the voices of middle school students on a Friday in July. The students received a tour of the office and Kiva U’s Jessica Hansen gave students an introduction to Kiva. The students learned some of the ins and outs of the microfinance lending cycle and its importance in global development.