Hey all, I posted this before but Kiva have got another load of free loans going so I thought I'd post it again. I don't get paid or any benefits if you go and sign up and loan for free, it's just free money and you know....you're helping the world! So go do it here: Free $25 loans

My sister Lizzie has introduced me to Kiva Loans.

I'm not really a fan of loans in the traditional sense because I don't see how debt can help anyone....especially with interest rates being added. But Kiva is different. Kiva loans are loans that change lives.


Kiva are a non-profit organization with a mission to connect people through lending to alleviate poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help create opportunity around the world.

 

Why we do what we do

We envision a world where all people - even in the most remote areas of the globe - hold the power to create opportunity for themselves and others.
We believe providing safe, affordable access to capital to those in need helps people create better lives for themselves and their families.

How we do it

Making a loan on Kiva is so simple that you may not realize how much work goes on behind the scenes.
Kiva works with microfinance institutions on five continents to provide loans to people without access to traditional banking systems. One hundred percent of your loan is sent to these microfinance institutions, which we call Field Partners, who administer the loans in the field.
Kiva relies on a world wide network of over 450 volunteers who work with our Field Partners, edit and translate borrower stories, and ensure the smooth operation of countless other Kiva programs.

How we're funded

100% of every dollar you lend on Kiva goes directly towards funding loans; Kiva does not take a cut. Furthermore, Kiva does not charge interest to our Field Partners, who administer the loans.
Kiva is primarily funded through the support of lenders making optional donations. We also raise funds through grants, corporate sponsors, and foundations.
We are incredibly thankful for the support that has enabled us to do the work that has touched the lives of so many people.

 

How to use Kiva

1) Choose a borrower

All loans on Kiva are deserving of funding. Pick the one that speaks the most to you.

2) Make a loan

Loan amounts can be as little as $25, or as high as the full loan amount. Checkout is quick and easy, made possible by Paypal.

3) Get repaid

As the borrower repays the loan, the money becomes available in your account. This is called your Kiva Credit.

4) Repeat

You can now use it to fund another loan, donate it to Kiva, or withdraw it to spend on something else.

Amazing right? If you want to join in and really make a difference to people who want to work their way out of poverty then pop on over to Kiva to register.