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
Kiva relies on an enormous network of volunteers to help review and translate loans that come in from our partners in one of the five key Kiva languages (English, French, Spanish, Portuguese or Russian). Each borrower has a different story to tell, and Kiva’s Review and Translation Program (RTP) connects each story with Kiva volunteers in order to communicate to the rest of the world.
Today, our RTP volunteers edit and translate about 15,000 loans each month, with a total of about 21.4 million words reviewed and translated per year. Here’s a close-up of the lives of three extraordinary volunteers: Brett, Mara, and Elizabeth. They get inspired by the unique loans they find on Kiva and are curious to learn more about each person’s life.
Kiva Volunteer of the Month, January 2016
This is the final story in our series spotlighting small, independent businesses in the U.S. in celebration of National Small Business week. Show your love for #smallbiz by making a loan on Kiva Zip today and helping usflash fund $150,000 in loans this week!