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Lend $25 Dollars to Kiva, and Change someones Life!

Kiva

How does it work?

Kiva brings together lenders and worthy enterprises on the web.

From Kenya to Ecuador, microfinance institutions (MFI) around the world go to Kiva.org and post photos and profiles of low income entrepreneurs in need of money for their businesses.Loans made easy and personal.

Lenders go to Kiva.org and browse through profiles of low-income entrepreneurs-a dairy farmer in Kenya, a man who wants to open a shoe shop in Honduras, or a tailor in Bulgaria. Lenders can then loan as little as $25 to the entrepreneur of their choice via PayPal, a globally recognized online payment service.When a loan is funded by individual lenders, Kiva pools the money and transfers it to a Microfinance partner who handles distribution and collection of loan payments.

Journal updates keep the lenders informed about the progress of the entrepreneur they sponsored. Loan repayments made by the entrepreneur over the course of about 6-18 months are sent back to Kiva by the MFI partner.Once loans are repaid, Kiva users can choose to withdraw their principal or re-loan to another entrepreneur. (80%+ of Kiva lenders choose to re-loan!

Kiva Shows You Where Your Money Goes Unlike donations which usually go into general funds, Kiva loans show you exactlyWHO your money goes to, WHAT they are doing with it, and HOW you are making a difference. Best part? It's a loan, not a donation. We invite you to make a small loan and make a big difference!

Kiva is a regisitered 501(3)(c) non-profit based out of San Francisco, CA

www.kiva.org

GET repaid within months. Withdraw your money or lend again! WATCH your entrepreneur's small business grow via email updates SELECT an entrepreneur and make a small loan (as little as $25)

KIVA TRANSFERS funds abroad to a microfinance partner who administers the loan loans that change lives Kiva.org is a non-profit that is revolutionizing the fight against global poverty by enabling people to connect with and make personal loans-of as little as $25-to low-income entrepreneurs in the developing world. Most of the poor in developing countries are self-employed entrepreneurs and a small loan to purchase business-related items such as sewing machines or livestock can empower them to earn their way out of poverty."Innovation of the W eek: Kiva.org uses smart design to make a little cash go a long way."

"Revolutionizing how donors and lenders in the US are connecting with small entrepreneurs in developing countries."

"If you've got 25 bucks, a PC and a PayPal account, you've now got the wherewithal to be an international financier."

"Kiva simply democratizes access to a worldwide microfinance movement that has been empowering the working poor for two decades."

"At Kiva.org, a schoolteacher in K ansas can partner with an expert seamstress in countries like Kenya, Mexico and E cuador to jump-start a tailor shop."

Roger Hunt

Private Mortgage Advisors (an affiliate of Wells Fargo Bank, N.A.)

Burlingame,CA 94010

650.796.0326

www.rogerhunt.com

roger.m.hunt@wellsfargo.com

Posted by Roger Hunt on 10/21/2009 08:00 PM

Comments (6)

Charity, Kiva in the ActiveRain Channel

kiva, microlending, roger hunt, private mortgage advisors, wells fargo, burlingame, san mateo, ca

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6 Comments on Lend $25 Dollars to Kiva, and Change someones Life!

OCT

Roger,

This is great. I've heard of it before. There are a couple of well-known peer-to-peer lending groups here in the US, but guess what?

Uncle Sam has stepped in and now they are being regulated. So while the Kenyan farmer can get help without interference, not our farmers here in the US.

Good post, great idea, only to die in America.

OCT

Roger, I've printed this out to keep and use as a gift idea for family members and maybe others, too. Thanks for making my life, as well as others, easier and more fulfilling.

Mike & Lottie, thanks for your comments! I have made 18 loans so far to Mexico, Ecuador, Azerbaijan, Bolivia, Guatamala, Bolivia, Peru and Paraquay....and have given 4 Kiva gifts and the people recieving the gifts have made an addtl 4 gifts.....so in all I have been involved in 22 loans to hard working families in the world, who have paid back the loans and allowed me to help others.......I am hopeful others like you will also participate.

Mike, I also was disappointed to hear about the U.S. preventing this on our own soil. I personally feel that is where we need to be, helping our own....but I also have found that my $25 donation (or more) has been able to go alot farther in these other countries where the govt is not offering any assistance like our govt offers thru welfare, SBA loans, Social Security and Social Services.....

I feel we are our brothers (and sisters) keeper.....I learned that early on, and it came from church....I am continually amazed that people who attend church or identify with churchs disagree with this one of the most basic teachings of the Christian Church....do unto others as you would want to have done to you......or the other religions that believe what goes around comes around....you reap what you sow......

Thanks alot....here is to the belief that most people.....do want to make a difference in this world and do want to help those less fortunate than them....I personally believe this is what the majority of us believe and practice, and then there are some exceptions.........

Roger a girlfriend showed me KIVA about a year ago what a fantastic site that is!

This is the coolest thing I have heard in a long time. Definitely going there.

Thanks Heather and Lisa,

I really believe in this....I am glad you also find it of value!

Thanks for your comments!

Roger

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