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Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
Solo is grateful to all the lenders who supported her. Her rickshaw rental business has been a success. With the profits, she was able to increase her capital and repay her loan in full.
Currently, she wants to expand her business and plans to buy various spareparts needed to repair her rickshaws. She hopes to generate more profits to continue growing her capital.
In the long term, she plans to buy a building plot.
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Translated from French. View original language description.
Solo est reconnaissante envers tous les prêteurs qui l’ont soutenue. Son activité de location de cyclos-pousses a été un succès. Grâce aux bénéfices réalisés, elle a pu augmenter son capital et rembourser l’intégralité de son prêt. Actuellement, elle souhaite renforcer son activité et prévoit d’acheter diverses pièces nécessaires à la réparation de ses cyclos-pousses. Elle espère générer davantage de profits afin de continuer à faire croître son capital. À long terme, elle projette d’acquérir un terrain constructible.
Vahatra is a non-profit organization that provides low-income families in Madagascar with opportunities for education, healthcare, professional training, and family services. The organization specifically targets families who earn an average income of $1 or less per day per person, and evaluates each family's need to provide unique and tailored services. With Kiva's assistance, Vahatra will be able to provide loans for more people, therefore providing low-income families with new opportunities.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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