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We loan because...
It helps others and it's fun.

One of the best videos on microfinance: www.goo.gl/sVkdK4 It's of Muhammad Yunus, the developer of microfinance.

We want to grow Kiva by inviting people to it. Kiva's invite rate is 0.28 (as of 1.17.13). If we could bring that to 1.0 or near 1.0, Kiva would grow near exponentially. All a 1.0 invite rate means is that each person on Kiva successfully invites just one other new person to Kiva. I know we can do it. You can generally invite people to Kiva here: www.kiva.org/portfolio/invites or specifically to team Universe and Kiva here: www.kiva.org/team/universe/recruit

Another interesting tidbit: "The microfinance sector currently has an estimated total loan volume of USD 25 bn. Yet, it is unable to serve more than a fraction (~100 m) of today's total sector demand of roughly 1 bn micro-borrowers. This situation translates into an immense funding gap estimated at around USD 250 bn." see www.goo.gl/Lg6hIC

We want our team to be a catch all that anyone with any interest can join. But we also want to invite tons of other people to join Kiva. Let's make Kiva grow.

***** There might be free $25 loan if someone accepts your invite. Go to: www.kiva.org/portfolio/invites

Another name for our team could be "All" or "Other" because we are a catch all for anything and everything else. Everyone is encouraged to join this team, no matter what your interests.

Sure, we want to lend to others. But perhaps even more important is to invite all of our friends through email, Facebook, and whatever else.

We want more and more people to use Kiva through whatever means available, including telling our friends, Kiva gifts cards, Twitter, and, when available, the free $25 first-timer loans: www.kiva.org/portfolio/invites

My story is an interesting example: I've invited hundreds, if not thousands of people, primarily by using my email contacts, but also through Facebook. I've only been able to make 33 loans so far, but my successful invitees have collectively made 34 loans. Out of the hundreds or thousand of invites I've sent out, only 3 have been successful. But those invites have had a greater total dollar impact than my own lending.

When you look at the successful invites that my invites have sent, the impact is even greater.

Most of us can make a little difference by lending a little of our money, but we can make a huge difference by getting a few of our friends to lend a little money as well, and then passing it on down the line.

My journey with Kiva all started with my sister giving me a gift card, it took almost the whole year, just before it expired, for me to even use it. Don't get discouraged if your invites seem to go unnoticed. It might take thousands of invites before someone accepts and makes their first loan. But that person might be Bill Gates, or might invite Bill Gates.

I don't think most people join Kiva because they stumbled upon it, they join it because they were invited by someone just like you.

Were you invited to Kiva?

Location: The Universe       Team website

 

Latest Messages  

2 messages. Join the team to get in on the action!

Team Activity

  • Emine
    Turkey
    Emine received a loan from Eric to buy supplies.
    Eric
    0% repaid
  • Juan Antonio
    El Salvador
    Juan Antonio received a loan from Eric to buy brake pads, oil, spark plugs, mirrors, light bulbs, and other things.
    Eric
    0% repaid
  • Eventir
    Belize
    Eventir received a loan from Eric to hire helpers in assisting him to clean his cacao farm.
    Eric
    0% repaid
  • Juan Ramon
    El Salvador
    Juan Ramon received a loan from Melody to buy building materials.
    Melody
    12% repaid
  • Alberto Jose
    Nicaragua
    Alberto Jose received a loan from Eric to buy a modern video game console.
    Eric
    0% repaid
  • Bardhe
    Albania
    Bardhe received a loan from Eric to cover her medical surgery expenses.
    Eric
    0% repaid

Impact   Updated Hourly

30
Team Members
$1,550
Amount Loaned
62
Loans
2.1
Loans per member