Focus on Kiva - When you uplift women, you uplift entire communities
Wednesday Oct 09th, 2019Share
A non-profit organization helping women (people) around the world through lending to alleviate poverty.
Access to finance is a huge challenge for female entrepreneurs across the world. Two-thirds of the world’s unbanked populations are women—that makes for one billion women who do not have access to credit or financing options. Kiva provides a platform for individuals and organizations to lend to underserved communities.1
“Financial inclusion is critical to gender equality, which is why more than 80% of Kiva loans are provided to women around the world,” says Neville Crawley, Chief Executive Officer of Kiva.1
Studies of microfinance have shown that women are more reliable microfinance clients as they repay more timely and tend to default less. Moreover, women also have a proven track record of investing capital back into their families and communities.1
How Kiva works 2
A borrower applies for a loan
The loan goes through the underwriting and approval process
The loan is disbursed to the borrower
The loan is posted to Kiva for lenders to support; lenders crowdfund the loan in increments of $25 or more (up to 30 days)
Borrower repays the loan; the lender receives repayments over time, based on the borrower's ability to repay. The repayments go into the lenders' Kiva accounts.
Lenders use repayments to fund new loans, donate or withdraw the money.
Note: Amounts can be lent or donated
Kiva serves borrowers in more than 80 countries on 5 continents.3
Field Partners do incredible work– they screen borrowers, post loan requests to Kiva for funding, disburse loans on the ground and collect repayments. Most Field Partners are microfinance institutions, but they can also be schools, NGOs or social enterprises. They all share one thing in common: the desire to improve people’s lives through safe, fair access to credit. 3
Kiva has helped 2.7 million women, their families and communities in the last 13 years. They have just reached the $1 billion dollar milestone.
The video below was produced for their 10th anniversary: