Kiva and Paying It Forward in 2011
I am really finding joy in tweeting and facebook, this is just one example of the very international and interesting things I have discovered.
For $25-$500 you can make a difference.
Kiva’s mission is to connect people, through lending, for the sake of alleviating poverty.
Pendo Luisi, 27 years old, borrowed $175 to open a cafe in Dar es Salaam, Tanzania.
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.
- 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.