Kiva Lending Team: Student Microfinance & Development Initiative (SMDI)
We loan because...
We believe microfinance is an effective tool to help reducing poverty.
“The Student Microfinance Development Initiative (SMDI) is an international student organisation. It provides academic research on microfinance and innovative development solutions and related services to MFIs, social enterprises and other institutions. It aims to add value to the work of these entities by giving students the chance to use their skills and commitment to the cause.”
Location: LSE Team website
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Ugafode Microfinance received a loan from 2 team members to invest in technology to serve borrowers remotely and to continue operations including paying staff salaries during the COVID-19 crisis.
Nahason received a loan from Christian to support him to add stock of more products such as milk to boost his general store.
Assilassimé Solidarité received a loan from Christian this field partner to serve borrowers whose livelihoods have been affected by the COVID-19 crisis in Togo.
Microfinanzas Prisma received a loan from Christian this Field Partner support their over 8,000 cooperative members that have been impacted during the COVID-19 pandemic.
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