Kiva believes that lending is one of the most powerful and sustainable ways to create economic and social good. Lending on Kiva creates a "partnership of mutual dignity". It re-frames the notion of philanthropy. Their model of loan repayment means that you can continue to touch more lives with the same dollar. 'Fund a loan, get repaid, fund another.'
“The key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development . . . the poorest of the poor are stuck beneath it. They lack the minimum amount of capital necessary to get a foothold, and therefore need a boost up to the first rung. ”
By lending on Kiva, you can help a borrower survive and thrive by working on starting or sustaining a business, going to school, and more. The purposes of the loans vary greatly, and you can read through the site to find someone you connect with and help them out.
100% of every dollar you lend on Kiva goes to funding loans. Kiva covers administrative costs primarily through optional donations, as well as through support from grants and sponsors.
Let's keep up this amazing momentum.
Here's to you!
Have a fantastic week,
Jodi
