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
Biba, her class, and all of us at Kiva were blown away by the response to Biba's story of perseverance and spirit during a difficult battle with brain cancer. Nearly 3,700 lenders made a loan in Biba’s honor, raising $153,000 in loans for people around the world. Simply incredible.
Below is a thank you letter to lenders from Biba, who also shares the story of her inspirational students:
Several years ago, a few of my high schools students and I were sitting around after school discussing our desire to start a club that would utilize concepts we were learning in Economics including globalization, sustainable development, gender equality and community service. As we were brainstorming ideas, I remembered this wonderful organization named Kiva, based out of San Francisco that utilized crowdfunding as a means of sourcing microfinance loans all over the world. We had already studied microfinance and as we spoke further about the possibilities of opening our own Kiva Club the excitement became quite palatable.
Connecting lenders around the world with borrowers in India
Who are they?
Milaap means 'connecting people' in Hindi and Urdu. The organization enables individuals all over the world to give a loan to the working class of India – students, small businesses, and families - who need a small amount of capital to get ahead and change their lives for the better.
You’ll love them if… you have been looking to make loan to India!
Learn more at: www.kiva.org/partners/428
Together Association for Development and Environment (TADE)
Supporting entrepreneurship in Egypt
Who are they?