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!
Salomat received a loan from Pete to buy mineral fertilizers and fuel and to pay for rental workers.
Anapenina received a loan from 1 team members to buy two new lawn mowers, spark plugs and new boots.$225 to goLend Now
Lat received a loan from 1 team members to build a small biogas digester.
Tumaini A Group received a loan from Keith to buy better wood to make good doors and to buy normal wood for roofing purposes.
Zahra received a loan from Mark to buy a refrigerator for her shop and increase her business merchandise with new products.
Nurzada received a loan from Mark to purchase fertilizers and cultivate the land to grow vegetables for sale.
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