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
Sabita never had the opportunity to go to school, but she wants her children to have a different future. Sabita is part of a group of female entrepreneurs in Balangir, India, who use Kiva loans to create successful businesses to fund their children’s education and improve their family’s livelihoods. With her loan, Sabita established a store to sell cosmetics and hair and beauty products, earning enough money to pay her children’s school fees and buy study materials.
The Kiva community is happy to welcome some amazing new partners this month who all share a common mission with Kiva: to empower people with opportunities to create better lives for themselves. Whether it’s giving farmers in Peru access to resources and markets, training farmers in Mozambique to increase productivity, or connecting entrepreneurs with the tools they need to tackle some of the world’s biggest problems, our partners are having a significant impact on the lives of people all over the world. Check them out!
Premal takes the floor and elicits some laughter with his inspiring opening message.
Conferring answers during a heated Jeopardy match.
At just 23 years old, Chloe is the founder and CEO of BlackFem, non-profit venture capital firm that teaches financial literacy to women and girls of color in under-served communities. Her philosophy regarding wealth in America might surprise you, and it’s now the title of a new children’s book she co-wrote: ‘Money Does Grow on Trees.’
Read more about Chloe's story at Kiva's Medium page -->