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
At Kiva, we believe in treating everyday like it’s Earth Day, which is why we’re especially proud of the green loans that fund through Kiva. These green loans are for individuals and small businesses that are reducing energy expenditures, minimizing waste and pollution, recycling, or repurposing used materials.
In March, we introduced you to Jorgelyn Palima and Gerilina Ybanez, two Filipino women who used loans to rebuild after the devastating effects of Typhoon Haiyan.
The typhoon swept away Jorgelyn’s sari-sari business and home, leaving her living in a shelter made of salvaged materials. With the help of Kiva’s Field Partner in Ormoc, NWTF, Jorgelyn received materials such as coco lumber and gypsum board to reconstruct her home.