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
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Drive an hour north-west from Nairobi, Kenya, and you’ll come to the famous Hell’s Gate National Park and the beautiful town of Naivasha. This lakeside retreat was the setting for the first-ever Kiva Labs Innovation Conference, which brought together nearly 100 leaders from Kiva’s African Field Partners.
Part of the larger Kiva Labs program, a 5-year initiative in partnership with the Mastercard Foundation, the KLIC conference’s goal was to facilitate intra-organizational learning and innovation.
During KLIC, Kiva held workshops on a variety of topics including human-centered design, Kiva’s portfolio of lenders, the organization’s evolving technologies, and the challenges faced by Field Partners as they attempted to scale impact.
At the age of 6, Rebecca was already intent on making the world a better place. She founded the lending team Westfield Youth for Kiva while still in elementary school, and then went on to found an affiliated Kiva Microfinance Club at her middle school. Her team has now funded $39,000 in loans, making it #6 on the list of Kiva’s highest lending youth teams.
Today, Rebecca is 15 and vividly remembers her very first Kiva loan. She was one of 15 lenders who helped borrower Ananias, in Paraguay, raise the $400 she needed to buy soft drinks, sweets, juices and mineral water for her food stand.
Janice, has a passion for service and getting others jazzed about doing good. As the captain and founder of the Kiva lending team Women United, she successfully invited more than 50 friends and family to lend with her on Kiva and has helped grow the team to more than 700 members.
Their focus? Empowering women through education, business and home improvement loans.
“By focusing on girls and women, the Women United team can aid in spurring economic progress, expanding markets, and improving health and education outcomes for the entire community,” Janice says.
Janice, who lives in Minnesota, is homebound by a chronic illness called POTS (Postural Orthostatic Tachycardia Syndrome) and originally joined Kiva as a way to continue to actively help others despite her condition. She discovered a community of like-minded people and found support through her Kiva team.
Like all lending teams, Women United members choose their own loans to support but count them toward the team’s impact. In just a few years, this team has collectively funded more than $3.7 million to 23,000 loans!