Kiva Lending Team: Kiva Melbourne (pro-savings, against high-interest loans)
We loan because...
we naively believed that "loans could change lives" for the better. In fact, high-interest loans often change lives for the worse or simply stop people escaping poverty and becoming financially independent.
This group is now changing. It is against funding high-interest loans and wants Kiva to shift its model to facilitate savings by the poor. I.e. Use our funds to make savings more accessible, safer, lower-cost and higher-yield (e.g. matching funds).
To the original members, please feel free to leave the group if you aren't happy with this change. New members, please only join if you agree with the above.
4 messages. Join the team to get in on the action!
Askarali received a loan from jason to purchase an ice cream machine, a refrigerator, and a water cooler.
Annonciata received a loan from jason to buy more fertilizer and to support labor costs during rice production.
Nancy Yaniris received a loan from Mark to purchase materials for the manufacture of home cleaning products and for the cost of processing an operations permit.
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