Kiva Lending Team: Manila Club London Trust
We loan because...
The poor are typically excluded by financial service providers:
• No collateral
• No credit history
The poor need financial services, and already use them informally:
• Borrowing money from loan sharks with interest rates so high
that it may be impossible to ever pay back
• Savings accounts kept in the home, vulnerable to theft
• Investing in livestock which is vulnerable to disease
Microfinance works to provide the poor with these financial services, in a
safe and controlled environment, through a microfinance institution
Tiwala(The Manila Club London) is a few dedicated people, who wish to reach out to the poor. To give a hand up not a hand out
Location: London Team website
4 messages. Join the team to get in on the action!
This team has not made any loans in the past 90 days that are currently raising funds. Check back soon or make a loan!
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