SAN FRANCISCO, CA - April 20, 2009 - This Mother's Day, mothers are supporting other mothers by investing in their businesses with Kiva Gift Certificates. The perfect gift that keeps on giving, Kiva Gift Certificates stimulate the global economy by providing loans to working mothers across the globe who are entrepreneurs lifting themselves out of poverty. Kiva.org is the world's first person-to-person micro-lending website, allowing individuals to lend to a low-income entrepreneur, such as a carpet weaver in Afghanistan, a tortilla maker in Ecuador or a chicken farmer in Kenya. When the loan is repaid, the funds are returned to the gift recipient to lend again or withdraw -- a continuous cycle of mothers supporting mothers!
Every year, family members search for a gift that is affordable, meaningful and guilt-free. A Kiva Gift Certificate, from just $25, is a unique gift idea that is fun, affordable and creates a positive social impact, giving your mother the opportunity to help a woman out of poverty through a small loan.
Gail Gohrick, of Lakebay, WA, received a Kiva Gift Certificate for Mother's Day in 2008 and says, "I was so proud and thankful that my children gave me such a caring gift! I believe that we are so blessed with financial opportunities in our American world of plenty, yet many people in other parts of the world have the same entrepreneurial ideas without the financial resources to get started. The microloans that Kiva.org offers to get people started on their business ideas warm a mother's heart. A mother's love is the same worldwide, and we all want to see our children have opportunities to make their dreams come true!"
In just 3 1/2 years, Kiva.org has facilitated over $66 million in loans to more than 150,000 low-income entrepreneurs in 44 countries around the world. Almost half a million people contributed the funds for these loans, $25 at a time. Kiva.org has become "an eBay for microfinance" and, despite the economic downturn, continues to grow at a rapid pace, defying current trends. In March 2009, Kiva.org sent more than $4.2 million in loans to entrepreneurs in need, our biggest month in Kiva.org history.
HOW IT WORKS
- Kiva Gift Certificates are easily purchased on www.kiva.org in multiples of $25.
- The gift recipients redeem their gift online then choose an entrepreneur to lend to by exploring individual profiles and getting a glimpse into their unique stories.
- Throughout the course of the loan (typically 12 months) lenders receive email updates on repayments made and the progress of the business.
- When the loan is repaid, the funds are returned and the gift recipient can lend to another entrepreneur, or withdraw their funds from the system.
WHY IS THIS GIFT UNIQUE?
Kiva Gift Certificates allow mothers to reach across the globe and support other mothers in their efforts to lift themselves, and their families, out of poverty. Kiva Gift Certificates allow the lender to become personally connected to someone in the developing world as they follow the progress of the entrepreneurs they have supported with a loan. Whether they support working mothers, farmers in Latin America or those affected by HIV/AIDS, the Kiva.org platform gives them the opportunity to lend according to their passions.
When the loan is repaid, the lender has the opportunity to help another person with the same gift, multiplying the social good created by the loan, or withdraw the funds and buy themselves another gift to celebrate Mother's Day!
Kiva.org is the world's first person-to-person micro-lending website, empowering individuals to lend directly to an entrepreneur in the developing world. Founded in 2005, Kiva.org's mission is to connect people, through lending, to alleviate poverty. Kiva.org currently connects lenders in more than 100 countries with entrepreneurs in 44 developing countries, through 94 microfinance partners. Kiva.org is headquartered in San Francisco.