Kiva.org

What it is ::
In short, Kiva connects people who need loans to run their businesses in third world countries with those willing to give money for a cause. The beauty of the program is the success rate. You can give a $500 loan to a farmer in the Congo and he will pay you back with the profits over a 6 month period. You may say "I can't even get my brother to pay me back for lunch let alone some guy in the Congo!" but the program maintains a nearly 98% payback rate!

In their own words...We let you loan to the working poor
Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can "sponsor a business" and help the world's working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you've sponsored. As loans are repaid, you get your loan money back.

We partner with organizations all over the world

Kiva partners with existing microfinance institutions. In doing so, we gain access to outstanding entrepreneurs from impoverished communities world-wide. Our partners are experts in choosing qualified borrowers. That said, they are usually short on funds. Through Kiva.org, our partners upload their borrower profiles directly to the site so you can lend to them.

We show you where your money goes

Kiva provides a data-rich, transparent lending platform for the poor. We are constantly working to make the system more transparent to show how money flows throughout the entire cycle. The below diagram shows briefly how money gets from you to a third-world borrower, and back!

We facilitate connections
Kiva is using the power of the internet to facilitate one-to-one connections that were previously prohibitively expensive. Child sponsorship has always been a high overhead business. Kiva creates a similar interpersonal connection at much lower costs due to the instant, inexpensive nature of internet delivery. The individuals featured on our website are real people who need a loan and are waiting for socially-minded individuals like you to lend them money.

How to become a LOANER!

Step 1: Choose a business
The businesses on our site are always changing. They are being uploaded by our microfinance partners around the world. You can find a new business on the home page or on the Businesses 'In Need' page.

Step 2: Make a loan
When you have selected a business, you can make a loan using your credit card (via PayPal). You can loan as little as $25 at a time. Checking out is easy and safe because of PayPal.

Step 3: Receive journals and payments
Periodically, you will hear back from the business you sponsor. Partner representatives (often loan officers) write directly to the website to keep you informed on the progress of the business. If you choose, you can receive these via email.

Step 4: Withdraw or re-loan
When your Kiva loan is repaid, you can choose to withdraw your funds or re-loan to a new business.

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