Changing lives with KIVA

  • Posted by a hidden member.
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    Jan 01, 2012 4:21 PM GMT

    So the new year is here and what better way to start than by making a difference in the lives of others.

    www.kiva.org is an organisation that connects lenders to innovators and entrepreneurs in the developing world. By lending someone $25 you can help them develop their own business, purchase agricultural supplies and do a wide variety of activities.

    What makes Kiva different to charity?

    You are lending someone money, not donating it. The recipient of your loan repays it through a monthly repayment scheme. Once the loan is repaid, you can withdraw your money or you can help someone else and relend it. What a great sense of personal satisfaction comes from helping someone help themselves. This is really about challenging the perception that all of the world's poor are helpless and vulnerable.

    How Kiva Works from Kiva on Vimeo.



    As of today, Kiva has lent more than $273 million to over 1 million people and has a repayment rate of 98.2%.

    Gay and lesbian people are doing their part too. The GLBT community group on KIVA has more than 4,000 members who have lent over $1.4 million dollars to over 50,000 people. http://www.kiva.org/team/glbt. This group is promoting awareness of glbt people in countries where homosexuality is illegal.

    Gay people are showing that they care.

  • Posted by a hidden member.
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    Jan 01, 2012 4:39 PM GMT
    I have been making microloans through Kiva for years. It's a great way to make a real difference in the lives of real people at a value worth the resources invested.
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    Jan 01, 2012 5:11 PM GMT
    I love KIVA!

    Such a great organization- and a great way to give service
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    Jan 01, 2012 5:31 PM GMT

    Great to see that some RJers are already participating.

    You guys have made my day! icon_smile.gif
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    Jan 01, 2012 5:35 PM GMT
    I prefer to give to organizations that are more transparent and closer to home.

    In my case, that is my synagogue which has a program to get homeless veterans off the streets in Denver, CO.

    In the past Kiva has had issues with lending practices, absurdly high interest rates and lending to people who placed the money into such things like cockfighting.

    If you give and work locally, you see results locally.
  • Posted by a hidden member.
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    Jan 01, 2012 5:43 PM GMT
    Haaretz saidI prefer to give to organizations that are more transparent and closer to home.

    In my case, that is my synagogue which has a program to get homeless veterans off the streets in Denver, CO.

    In the past Kiva has had issues with lending practices, absurdly high interest rates and lending to people who placed the money into such things like cockfighting.

    If you give and work locally, you see results locally.


    Oh you - forever the wet blanket icon_biggrin.gif

    Kiva also partners with organisations in the United States if you would like to invest in something closer to home. ( see www.kiva.org for details)

    As for the interest rates, unfortunately Micofinance is an expensive business, but you can be sure that borrowing money from local loansharks in not going to be cheaper.

    Remember that a local of people can't access bank services.

  • BlackBeltGuy

    Posts: 2609

    Jan 01, 2012 10:42 PM GMT
    Wadeup saidI love KIVA!

    Such a great organization- and a great way to give service


    been doing it for years!icon_lol.gif
  • DCEric

    Posts: 3713

    Feb 17, 2014 12:12 AM GMT
    We've been meaning to join for years. Just put our tax refund check to work!