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
Here at Kiva, we are constantly trying to learn about the world around us, dreaming about visiting new places, meeting new people and trying new things. We know that you, as Kiva lenders, share a lot of the same interests, which is why we started a series featuring some of the top can't miss things to do and see in countries around the world.
Our next spotlight is on New Zealand. We asked family, friends and of course, our seasoned Kiva travelers for their best tips for enjoying mythical Middle Earth. Read the full post at Medium
Supporting women entrepreneurs in francophone Africa
Who are they?
Réseau de Micro-institutions de Croissance de Revenus is a French NGO that provides microloans to underserved communities in rural Mali. It focuses on making financial services available to women borrowers and fostering an entrepreneurial culture in order to support economic development. The organization also offers borrowers a unique opportunity to gradually assume more financial responsibility by allowing them to take out community loans, group loans and then individual loans.
You'll love them if...you want to support women entrepreneurs in Africa!
Learn more at: http://www.kiva.org/partners/