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
This is the second in our series spotlighting small, independent businesses in the U.S. in celebration of National Small Business week. Show your love for #smallbiz by making a loan on Kiva Zip today and helping us flash fund $150,000 in loans this week!
Four years ago, Sebastian started working on his dream: opening The Social Club Grooming Company, an environmentally friendly grooming salon in Detroit. After 54 Kiva lenders supported his $5,000, 0% interest loan, The Social Club has grown to become a central hub for the Detroit community.
Read more about Sebastian and The Social Club Grooming Company at Kiva's Medium page.
This is the first in our series spotlighting small, independent businesses in the U.S. in celebration of National Small Business week. Show your love for #smallbiz by making a loan on Kiva Zip today and helping us flash fund $150,000 in loans this week!
On just about every Saturday from May through October, you can find Chancey and her husband Dennis at their stall under a banner that reads ‘Banana Manna’ in the Greenville, South Carolina farmer’s market. Chancey has been selling her acclaimed banana bread at the market for over 10 years, ever since the family she worked for as a nanny moved away to Texas and she found herself unexpectedly unemployed.
Read more about Chancey at Kiva's Medium page.
April is the Month of Microfinance and the perfect time to share how microfinance has touched our lives. As April comes to a close, we wanted to share with you Nadine’s story and how a Kiva Zip loan helped her start her own business educating families about the importance of nutrition. Read Chef Nadine’s story, written by Innae Park, below:
For Nadine, food is more than just sustenance for the body. Food sustains her life.
“It’s my passion, passion, passion that keeps me in the game and moving forward.”