Microfinance the Kiva way

kivaloans

Microfinance is well-recognized all over the world as advancing the course of poverty reduction as well as enhancing human capital development. We came across an innovative online effort called Kiva which operates in the Microfinance space.

 

 

Kiva lenders, combat poverty daily by making small loans to borrowers around the world. They believe in fair access to affordable capital for people to improve their own lives.

Often only a relatively small amount of money stands in the way of Kiva borrowers and their dreams. Whether it’s a Kenyan farmer who needs $500 in order to double her grain production, or a young Bolivian woman who lacks the $1,500 tuition for nursing school, Kiva lenders provide a hand up to these and countless other borrowers.

About Kiva Free Trials

What better way to try Kiva than to try it for free? Free trial loans are available while supplies last to the first users who join Kiva through this promotion and make a free trial loan.

These free trials will be financed by friends of Kiva, allowing the new lender to make one $25 loan free of charge. These free trial loans are disbursed to borrowers in the same way other loans are disbursed on Kiva. However, since the sponsor is funding the free trial loan, any repayment funds from the free trial loan will go back to the sponsor, not to the free trial lender. New lenders invited during the promotion may choose to use their own funds to make a loan, in which case repayments will go back to the lender.

Supplies of free trials are limited to one (1) per new user, and will be made available on a “first claimed” basis.

Who’s funding this Free Trial: Reid Hoffman

Reid Hoffman is the co-author of the recently released The Startup of You, co-founder of LinkedIn, and Kiva board member. Check out the book and use your free trial loan to help a borrower start their business and jumpstart their future.

All of the author’s proceeds, equaling $3.00 per book, for all books purchased from this link will be donated to Kiva during the duration of the free trial.

Categories : Entrepreneurship  |  Tags : ,