KIVA

Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending.

Kiva was born of the following beliefs:

  • People are by nature generous, and will help others if given the opportunity to do so in a transparent, accountable way.
  • The poor are highly motivated and can be very successful when given an opportunity.
  • By connecting people we can create relationships beyond financial transactions, and build a global community expressing support and encouragement of one another.

Kiva promotes:

  • Dignity: Kiva encourages partnership relationships as opposed to benefactor relationships. Partnership relationships are characterized by mutual dignity and respect.
  • Accountability: Loans encourage more accountability than donations where repayment is not expected.
  • Transparency: The Kiva website is an open platform where communication can flow freely around the world.

As of November 2009, Kiva has facilitated over $100 million in loans.

KIVA Update – March 2011

Hi Okavango Bengals,

We’d like to give you a repayment update on the loans you’ve made through Kiva.

A total of $19.26 has been repaid today! As of March 15, 2011, you now have $19.26 in Kiva Credit in your account. You can re-lend to another borrower, withdraw to your PayPal account or donate these funds to help cover Kiva’s operating expenses. (The minimum lending amount is $25, but you can easily add new funds to existing Kiva Credit to complete a loan purchase.)

Below is the repayment update on your Kiva Portfolio

Unidos Al Futuro Group in Peru
(Activity: Retail)

You Loaned: $25.00
Newly Repaid: $6.25
Total Repaid So Far: $6.25 (25.00% of your loan)
Repayment Status: Paying back on time

Nuevo Amanecer Group in Paraguay
(Activity: Arts)

You Loaned: $25.00
Newly Repaid: $6.25
Total Repaid So Far: $6.25 (25.00% of your loan)
Repayment Status: Paying back on time

Jeannette Mukamugema in Rwanda
(Activity: Clothing Sales)

You Loaned: $25.00
Newly Repaid: $3.12
Total Repaid So Far: $3.12 (12.48% of your loan)
Repayment Status: Paying back on time

Stephen Tumwesigye in Uganda
(Activity: Retail)

You Loaned: $25.00
Newly Repaid: $2.08
Total Repaid So Far: $2.08 (8.32% of your loan)
Repayment Status: Paying back on time

Malaika Group in The Democratic Republic of the Congo
(Activity: Charcoal Sales)

You Loaned: $25.00
Newly Repaid: $1.56
Total Repaid So Far: $1.56 (6.24% of your loan)
Repayment Status: Paying back on time