Kiva's mission is to connect people through lending to alleviate poverty. They help people create opportunity worldwide through business.
Kiva’s vision is a world where all people – even in the most remote areas of the globe – hold the power to create opportunity for themselves and others. They provide safe, affordable access to capital to those in need so they can create better lives for themselves and their families.
Kiva works with microfinance institutions on five continents to provide loans to people without access to traditional banking systems. One hundred percent of the loan we provide will be sent to these microfinance institutions who administer the loans in the field.
Kiva was founded in 2005 and today they:
- Have 745,832 lenders
- $ 300 million in loans
- 98.91% repayment rate
- 146 Field Partners
- 450 Volunteers around the world
- Loans in 60 different countries
WEBB will be able to choose a project from hundreds that are available. We will find a group of women who have the desire to start or grow a business with the funds you donate. Here is how it will work:
1. CHOOSE A BORROWER: There are hundreds of borrowers to choose from. All of the Kiva loans are made possible by their Field Partners, who vet, administer, and disburse each loan.
2. MAKE THE LOAN: We make the loan. Throughout the life of our loan (often 24 months), we will get progress updates from Kiva on our project.
3. GET REPAID: As the borrower repays the loan, the money becomes available in our Kiva account.
4. REPEAT: We will then be able to choose a new project (group of women) and make a new loan to create new opportunity.
Here is an example of a SAMPLE project (see picture above):
The group named Las Flores de El Llano is made up of five hardworking and modest women who want to make their businesses grow. The members of this group are from a small town named Llano Grande, where the majority is modest and good people who want to grow.
One of the members of this group is Olivia, 48. She has worked selling chicken for four years. Olivia, better known as Mari, tells us that what she likes most about her business is lovingly plucking her chickens and serving her customers well. She is very happy because her business gives her good profits, and so she is able to improve her quality of life.
Mari requested the loan to buy more chickens to sell.
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