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
As we all work towards a better and brighter future, these are findings that offer a glimpse into life in the past. From an energy efficient Egyptian pigment to a 1700-year-old ancient sock, these 5 anthropological findings remind us that though we have a long road ahead of us, we have also come a long way as innovators.
Egyptian blue: The energy efficient ancient pigment
Neanderthals and fire: Our distant cousins were able to start and control fire
By Premal Shah, President & Co-Founder, Kiva
Every now and then, a truly game-changing partnership comes to life and shows us what’s possible when a company and its employees are committed to doing good in the world. Kiva’s partnership with Hewlett-Packard is just that.
In 2013, Kiva and Hewlett-Packard launched Matter to a Million, a groundbreaking 5-year global employee engagement partnership. The partnership concept was simple: set up a $7 million fund to provide each of Hewlett-Packard’s 275,000+ global employees with a $25 credit to lend to a Kiva borrower.
The goal was to have 10% of employees participate in the first campaign, but the results blew us all away. In the first campaign nearly 50% of employees from over 100 countries redeemed their $25 Kiva credit. And we were off and running.
An exciting new partnership between Kiva, Sierra Leone and U.N. agencies is set to bring a nationwide digital identification system to the people of Sierra Leone that is designed to provide citizens with formal identity and control over their own credit information.
Sierra Leone’s President Julius Maada Bio announced the initiative, which could be a promising new model for global financial inclusion, during his address to the Sept. 27, 2018, U.N General Assembly.
The centerpiece of the partnership is the new Kiva Protocol, which will create and establish a national digital identification system using distributed ledger technology (DLT). The system will help ensure that every citizen in Sierra Leone has secure and complete ownership of their personal data and information, with the ultimate goal of helping people access the financial services they need.
“Sierra Leone will now modernize its Credit Reference Bureau and radically transform its financial inclusion landscape,” President Maada Bio said of the partnership during his U.N. address.
The United Nations Capital Development Fund and the U.N. Development Programme are partners on the project.
From inside a small juvenile detention center in Ontario, Canada, a group of young men have lent more than $2,000 to Kiva borrowers around the world. Their own circumstances are challenging, but they’ve embraced the opportunity to help others, with the assistance of one dedicated volunteer.
Hilda Van Netten, a long-time Kiva lender, volunteers with the art program at Brookside Youth Centre. Brookside is a secure juvenile detention facility for youth who have come into conflict with the law. These young men range between the ages of 16 to 18.