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Kiva Lender Peter
I loan because:
I loan because I know how hard it is sometimes to obtain financing when you are starting a new business venture. Unlike Canada, there are many places around the world where people have virtually no access to credit, and even a small loan can make a big difference. Entrepreneurs are very important part of every society, and lack of capital and fresh credit in developing countries can hamper their ability to build a successful business.
In Canada where I live and work, it’s relatively easy to get loans for various purposes, and if you have a great idea and a solid business plan it shouldn’t be a problem to get a business loan. If I can offer similar financing conditions to even 1 person in a country where it’s hard to access credit, I’ll be more than happy.