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!
Girumwete Group received a loan from Keith to purchase a large amount of taro and cassava to resell, so as to earn more.
Plata Group received a loan from Keith to buy more merchandise: earrings, chains, watches, bracelets and pendants amongst other products.100% repaid
Angelina received a loan from Mark to buy supplies such as milk, eggs, sugar, rice, cigarettes, coffee, biscuits, salt and candles.
Have feedback on lending teams? Click here.