Kiva Lending Team: Kiva Melbourne (pro-savings, against high-interest loans)
We loan because...
we naively believed that "loans could change lives" for the better. In fact, high-interest loans often change lives for the worse or simply stop people escaping poverty and becoming financially independent.
This group is now changing. It is against funding high-interest loans and wants Kiva to shift its model to facilitate savings by the poor. I.e. Use our funds to make savings more accessible, safer, lower-cost and higher-yield (e.g. matching funds).
To the original members, please feel free to leave the group if you aren't happy with this change. New members, please only join if you agree with the above.
4 messages. Join the team to get in on the action!
Rukiri Tukurakurane Group received a loan from Keith to buy fresh food like onions, tomatoes, banana and sweet potatoes to sell.
Molque received a loan from Keith to buy organic fertilizer destined for the fertilization of his three year old coffee.
Felix's Group received a loan from Keith to purchase two solar lights, as well as hybrid seeds and fertilizer to improve harvests of maize.
Accents And Art received a loan from Keith provide employment and training to 100 additional low skilled artisans.
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