Kiva is the world’s first person-to-person microlending website – its mission is to connect people through lending for the sake of alleviating poverty. Here’s how it works: people like you and I go to Kiva’s website and browse the profiles of entrepreneurs in developing countries; who are seeking small loans for their businesses. You can then choose to donate as little as $25 to the borrower you select. 100% of this money goes to the entrepreneur. Kiva Fellows (me!), are responsible for strengthening the connection between the lenders and borrowers by interviewing entrepreneurs, writing journal updates and ensuring that the Kiva loans are being spent efficiently.
Kiva is an investment, not a donation. Let’s say you choose to lend $25 to an entrepreneur. Bit by bit, the entrepreneur will re-pay you. Kiva’s current re-payment rate is incredibly high – 97.97%! You can follow the impact of your loan on the life of an entrepreneur through journal updates and videos and once you receive your $25 back, you can re-invest your money by loaning to another enterprising individual. Over the next few years, imagine how many lives can you touch with that same $25 dollars?
Kiva is a 501(c)3 non-profit organization, incorporated in 2005.