Are you one of those people that were successful in obtaining their certificates but unsuccessful in finding any white color job that you dreamt while in school? Or you are one of those that succumbed and had since established his/her business as an entrepreneur? If you belong to one of these groups, kindly have time to log into KIVA (www.kiva.org/about) in order to avail yourself the opportunity of meeting someone who will be ready to support your business.
To acquaint you with what KIVA specialises in before having time to visit them, I will first of all inform you that Kiva Is 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. Kiva envisions 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 believe in providing safe, affordable access to capital to those in need thereby helping them to create better lives for themselves and their families.
Their method of payment is simple, what they did is that they work with microfinance institutions on five continents to provide loans to people without access to traditional banking systems. One hundred percent of their loan is sent to these microfinance institutions, which they call Field Partners, who administer the loans in the field.
They relies on a worldwide network of over 450 volunteers who work with their Field Partners, edit and translate borrower stories, and ensure the smooth operation of countless other Kiva programs.
Kiva received its funding through the support of lenders making optional donations as well as from lawful grants, corporate sponsors, and foundations.
Below is the statistical highlight of Kiva’s achievement within some short period of time
Total value of all loans made through Kiva: $301,270,025
Number of Kiva Users: 1,158,998
Number of Kiva Users who have funded a loan: 747,611
Number of countries represented by Kiva Lenders: 219
Number of entrepreneurs that have received a loan through Kiva: 765,239
Number of loans that have been funded through Kiva: 392,095
Percentage of Kiva loans which have been made to women entrepreneurs: 80.47%
Number of Kiva Field Partners: 145
Numbers of countries Kiva Field Partners are located in: 60
Current repayment rate (all partners): 98.90%
Other important information regarding loans and enrolment could be found in the website.
It is worthy to remind people that ‘nothing comes easy’ and those who win are those who think they can. On many occasions people don’t give damn on issues they hear for the first time, only to wake up one time and realized that they have missed great opportunity in their life time.