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
On April 24, 2013, more than 1,100 garment workers were killed and 2,500 were injured when the Rana Plaza factory building collapsed in Dhaka, Bangladesh.
Even though there were fears the building would collapse, garment workers were pressured to remain at work under threat of 1 month’s lost pay.
The disaster in Dhaka brought new awareness about the terrible working conditions for garment workers. People were saddened and outraged, so in an effort to improve working conditions for garment workers and bring more transparency to the fashion industry, Fashion Revolution Day was born.
Read more about an amazing Kiva borrower and Kiva Field Partner who are putting a face to the people who make their clothes. These companies are practicing ethical, eco-friendly fashion we can get behind, and wear with pride. Read more>
Kiva and Dr. Bronner's, the family-owned company that makes the most popular brand of natural soap in North America, are kicking off an exciting new partnership called Seedlings for Small Farmers!
Starting April 23, Kiva will crowdfund 0% interest loans to support smallholder farmers in Ghana who grow certified organic and fair trade oil palm used in Dr. Bronner’s soap. And, for a limited time, Dr. Bronner's will match each loan made to these farmers.
Dr. Bronner's sister company, Serendipalm, manages the sourcing and supply of their raw materials in Ghana to ensure they are both organic and fair trade. The Kiva loans to Serendipalm's smallholder farmers will help them purchase more productive oil palm seedling varieties and expand their farm acreage.
While Serendipalm has offered loans to farmers previously, the partnership with Kiva will allow for a significant expansion of the program. So far, more than 80 farmers have requested microloans for seedlings. Seedlings purchased and planted today will result in a long-term, reliable source of income for farmers for years to come.