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
In the past, Kiva has used 2 different models to support small social enterprises:
This the second of our stories in our series spotlighting U.S. businesses in celebration of Independence Day.
“After years of working for someone else, I decided it was time to pursue my dream of bringing the food of my childhood to my new home.”
You can tell Guadalupe is a passionate woman from the moment you place your order at El Pipila. She is constantly moving around assembling the plates, but keeping an eye on everything that’s going on, making sure everyone receives the best service.
Her passion comes in part from her journey to the United States, and as she discusses it Guadalupe’s eyes fill with tears. Her daughter, Brenda, does most of the talking, to help her mother through it. Sixteen years ago Guadalupe decided to leave Guanajuato, a state in central Mexico, and join her relatives in the U.S.
I’ve only seen the film Hotel Rwanda twice.
The first time, I was alone on my parents’ couch in small-town Oklahoma. I tend to want to be emotionally prepared for heavy films with difficult subject matter, but when do you ever feel prepared enough to bear witness to such a magnitude of senseless violence and tragedy as what happened in Rwanda?
The answer is never, so I finally just took a deep breath and hit play.
Continue reading at Kiva's Medium page -->>
There are more than 60 million refugees and internally displaced people (IDPs) around the world who were driven from their homes by violence and conflict. In honor of World Refugee Day, we’re featuring the stories of borrowers who were forced to rebuild their lives and found new hope and support through the Kiva community.
Kiva lenders have crowdfunded more than $2.6 million in loans to refugees and internally displaced people. This support helps Kiva’s Field Partners extend financial services to those most at risk and in need, including refugees and IDPs escaping conflict in the Democratic Republic of Congo, Syria, Iraq, Azerbaijan and Colombia, among others.
Kiva loans can also help play a critical role for refugees years after they relocate, as they create new, stable lives for themselves and their families. Read some of their inspiring stories below and share in honor of World Refugee Day, or support a loan to refugee today.