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
For the first time ever, a few lucky and devoted Kiva lenders were extended the opportunity to see Kiva at work on the ground. This past week, these 7 lenders visited 2 Kiva Field Partners and their borrowers in Mexico City, as part of our first lender trip to the field. It was a unique and thrilling opportunity to see Kiva dollars at work, transforming lives and communities up close.
This post is the second of a 4 part series, which came to us during the lender trip. This piece was contributed by Frances, a retired city employee from Arlington, Texas, who has been lending on Kiva since 2007.
In 2007, I remember former President Bill Clinton talking with Oprah about how ordinary folks (like me) could become Kiva lenders by making small loans to ordinary, hard working folks around the world. Such a simple concept, powered by a whole lot of folks connecting across countries and borders. People on this earth, no matter where they live, want to take care of their children, and I lend because I believe in the dignity of work and the value of opportunity in creating better lives for families.
As we approach Valentine’s Day, it’s important to take a moment to think about all the industrious small business owners who make these love-filled holidays happen for everyone. Everything from a box of chocolates to a bottle of wine to candles softly lit on the table may have come from a small local business owner, working hard to get you all you need to show the love this February.
Vanessa of San Francisco’s Polk Street Florist is a shining example of this. A beloved staple of her community, she takes incredible joy in sharing her passion for flowers with her customers and helping them find just the right way arrangements to communicate their feelings.
Check out her beautiful story on Medium, and this Valentine’s Day, be reminded that behind every beautiful bouquet there’s someone like Vanessa with an equally beautiful story to share.
For the first time ever, a few lucky and devoted Kiva lenders are getting the opportunity to see Kiva at work on the ground. This week, these 7 lenders will be visiting 2 Kiva Field Partners and their borrowers in Mexico City, as part of our first lender trip to the field. It’s a unique and thrilling opportunity to see Kiva dollars at work, transforming lives and communities up close.
This post is the first of a 4 part series, which comes in anticipation of the lender trip from Jarryd Widhalm, a long time Kiva lender based locally in Mexico City.
The Kiva community lost a beloved and influential leader last month. Nicknamed Captain Tony, he was a Review and Translation volunteer, The Mindful Bunch lending team co-captain and lender since 2009. Even with the sadness of his passing in New York in January, his friends and teammates at Kiva are hopeful and confident that his spirit and impact will live on for many years to come.
Although many of us never got the chance to meet Tony in person, his thoughtfulness and passion for helping others shined through our every experience of him on Kiva. Tony grew up in Brazil, Tennessee and Texas, and also lived in Belgium, France and Brazil as an adult, where he learned to speak a number of languages. This led him not only to lending on Kiva, but also to volunteering as a translator.
Patricia Wada, Sr. Manager of the Review and Translation Program, remembers his enthusiasm: