"When we come together, when we put aside petty difference, when we cooperate, the results are astounding," author Fareed Zakaria told Harvard graduates yesterday in his commencement address.As a new crop of young minds steps out of the classroom and into the real world, it's only fitting that we take a moment to remember the profound sacrifices made by those who have fough ...
In February 2000, eight women in Burkina Faso got together to realize a dream. These were women who had managed, in spite of all odds, to start businesses. Each knew firsthand how difficult it is to become an entrepreneur with limited resources and cultural opposition -- but also how rewarding. Inspired by their collective experience, they pooled their funds and started their own microfi ...
Next month, 34 people -- including 13 Kiva employees -- will trek 305 miles across Zambia in just five days, entirely on bikes. The project: Bike Zambia. Its mission: to raise money and awareness to combat AIDS and poverty in Africa.Spearheaded by Kivans, the bike ride will raise $150,000 for these causes. The initiative has already raised 85% of this target and is looking for help to put it over ...
This post is by Mary Lynn Halland, a long-time Kiva lender who took her daughter to Nepal to see the power of microfinance firsthand. This post is part of a May guest series honoring mothers, women and the lenders who help them build brighter futures."Everyone can help." That was the life lesson I was hoping to impart to my daughter when we joined Kiva in 2007.Even better, Kiva lets you help ...
If you've ever managed a large group of people, you know how hard it is to both listen to everyone's needs and understand what is best for the group as a whole. Now think about the many complex challenges faced by the poor around the world, and you can see how difficult it is for microfinance institutions (MFIs) in developing countries to move beyond a one-size-fits-all approach.That said, Kiva ma ...
In the six years since Kiva started, 760,663 lenders have loaned a total of $310,382,400 to 776,907 entrepreneurs in 59 different countries. Wow. Now, for the first time ever, we're releasing an Annual Report online, going deep into what Kiva accomplished over the course of the last year. 2011 was full of milestones, meaningful firsts and inspiring achievements as we connected more people through ...
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We're excited to welcome UGAFODE as our newest Field Partner in Uganda!Focused on providing a range of innovative loan products to rural clients in the western and central regions of the country, UGAFODE will use Kiva loans to increase household incomes and promote social and holistic transformation for its borrowers. Adapting to the needs of its clients, UGAFODE has tailored loans to…
“I’ve never come across another volunteer community like Kiva. I never feel like just a nameless person to the staff or other volunteers. The support and community I’ve experienced is really something extraordinary and I feel so fortunate to be a part of it.”City: New York, New York Language: Spanish Translation Team: Saliendo Adelante Time with Kiva: 1 year, 7 monthsOutstanding…
"When we come together, when we put aside petty difference, when we cooperate, the results are astounding," author Fareed Zakaria told Harvard graduates yesterday in his commencement address.As a new crop of young minds steps out of the classroom and into the real world, it's only fitting that we take a moment to remember the profound sacrifices made by those who have…
If you've ever managed a large group of people, you know how hard it is to both listen to everyone's needs and understand what is best for the group as a whole. Now think about the many complex challenges faced by the poor around the world, and you can see how difficult it is for microfinance institutions (MFIs) in developing countries to move beyond a one-size-fits-all approach.That said, Kiva…
In February 2000, eight women in Burkina Faso got together to realize a dream. These were women who had managed, in spite of all odds, to start businesses. Each knew firsthand how difficult it is to become an entrepreneur with limited resources and cultural opposition -- but also how rewarding. Inspired by their collective experience, they pooled their funds and started their own…
Next month, 34 people -- including 13 Kiva employees -- will trek 305 miles across Zambia in just five days, entirely on bikes. The project: Bike Zambia. Its mission: to raise money and awareness to combat AIDS and poverty in Africa.Spearheaded by Kivans, the bike ride will raise $150,000 for these causes. The initiative has already raised 85% of this target and is looking for help to put it over…
This post is by Mary Lynn Halland, a long-time Kiva lender who took her daughter to Nepal to see the power of microfinance firsthand. This post is part of a May guest series honoring mothers, women and the lenders who help them build brighter futures."Everyone can help." That was the life lesson I was hoping to impart to my daughter when we joined Kiva in 2007.Even better, Kiva lets you help…
David Letterman once said, “If it weren’t for coffee, I’d have no identifiable personality at all.”I think we can all agree that the day would be a mighty struggle without a mug of our morning pick-me-up. Folgers or Starbucks -- it almost doesn’t matter as long as it has caffeine and lots of it. But the truth is -- it does matter. It matters to you and it matters to farmers all over…
"We’re a very poor country that’s very rich in culture."The Kiva coordinator at our partner Micro Start said this to our fellow when she first arrived. It aptly summarizes the dominant characteristics of this landlocked west African country.Burkina Faso, home to 15 million people, has one of the lowest GDP per capita figures in the world. With much of the north lost to the Sahara desert,…
While many microfinance organizations are established to provide financial products and services to the underserved, and then add non-financial support services to improve their clients' ability to effectively use them, one Kiva Field Partner in Peru did it the other way around.Manuela Ramos was founded exclusively to advance the rights of women in Peru. The fact that discrimination against…
"But mommy why?"This was Kiva borrower and Smucci Founder Efia Crandon's favorite question to ask her mother as a child."I always wanted to know why things were the way they were, if they could change and how," she says. "I used to drive her a bit crazy with all my questions." But no matter how many she asked, her mother always answered.As Efia grew up, she realized that sometimes there isn't a…
Join us in welcoming our new Field Partner Barefoot Power -- a company dedicated to bringing solar light and electricity to the regions in Tanzinia that need it most.Worldwide, 1.6 billion people live without electricity. Instead, they depend on kerosene lamps or candles, which cause millions of respiratory illnesses and fire-related deaths and injuries every year. But, as a social…
Energy drives every aspect of our lives. Lighting, refrigeration, hot water, and stoves are so pervasive that they almost fade from our daily consciousness. Yet, in many developing countries, an enormous fraction of the population has no access to sustainable energy.This lack of access keeps people poor. Thus the term energy poverty.Almost every daily task -- from preparing food to doing laundry…
In the six years since Kiva started, 760,663 lenders have loaned a total of $310,382,400 to 776,907 entrepreneurs in 59 different countries. Wow. Now, for the first time ever, we're releasing an Annual Report online, going deep into what Kiva accomplished over the course of the last year. 2011 was full of milestones, meaningful firsts and inspiring achievements as we connected more people through…
On Friday, we hosted the third in a series of webinars about how Kiva is diversifying its partnerships and loan products to reach more borrowers, and give lenders more choices. Check out the recording below.Many of these new strategies are designed to expand opportunities for women. Since its founding, Kiva loans have helped hundreds of thousands of women build businesses, improve their homes,…
What if your physical output could translate into social good inputs? That's the idea behind education platform Udemy's PushUpCharity challenge. They recruited 5 startups to do pushups to raise money on behalf of nonprofit organizations, and our friends at Github, a code sharing and collaboration platform, decided to do pushups on our behalf!The first startup to reach 100 pushups wins 40% of the…
Many of our borrowers work multiple jobs. They spend their days sewing clothes, planting crops, weaving baskets, selling food. And, after that, they go home to their other (often more difficult) job: being a parent.This second job falls primarily on the shoulders of women. As they continue to redefine their roles outside the home and contribute more and more directly to local economies, it's a…
A warm welcome to Kiva’s newest field partner, ID Ghana!With five branches in the greater Accra area, ID Ghana provides financial services to underserved communities in the Ghanaian capital -- but we are especially excited about its commitment to impactful social work. ID Ghana has developed a unique methodology to form groups of clients who can borrow individually with no group liability. This…
Imagine waking up at 5 a.m., working for six hours in a rice field, then having to go sell goods at a crowded market for another six? As I sit here writing this in an air-conditioned office, I can't help but feel like my workload is trivial by comparison.Rice -- commonly referred to as the "gift from God" -- is a staple of the Vietnamese diet and national economy. In the country's most bountiful…
Raise your hand if you (or your parents) have an outstanding student loan. Okay, now put your hand down -- people are starting to stare.Probably about two-thirds of you raised your hand if you went to college in the United States. That means that two-thirds of you are accustomed to the excruciating realization that, after years of monthly payments, your balance never goes down. Now, imagine for a…