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Kiva (Non-Profit Organisation) ((The journey of a Kiva loan, A borrower…
Kiva (Non-Profit Organisation)
About Kiva
Kiva is an international nonprofit organisation founded in October 2005.
Kiva has a mission to connect people through lending to make poverty less harmful
Kiva was started in San Fransisco
Kiva's goal is to get borrowers to have businesses and to give the money back.
Kiva by the numbers
3.1 Million Borrowers
81 Countries
1.8 Million Lenders
$1.25 Billion Loans funded through Kiva
96.8% Repayment rate
Kiva views an earth where all people hold the power to make a chance for themselves and others to help on journeys for better lives.
The journey of a Kiva loan
A borrower applies for a loan.
The loan goes through the underwriting and approval process.
Loan period might take a bit of time
The loan is posted to Kiva for lenders to support.
Fundraising period will also take a while
Lenders crowdfund the loan in a payment of $25 or more.
Fundraising complete!
This information has been found by
https://www.kiva.org/about/how
This is a picture of the Kazi Ni Kazi Group, they are from the Republic of the Congo in Central Africa and they are asking for a loan of $9,750 to buy dozens of clothes for Juniors like Dresses, Pants and Shirts.
Premal Shah - President of Kiva and Co-Founder From Ahmadebad in India
Jessica Jackley - American Businesswoman and Co-Founder of Kiva
Matt Flannery - American Businessman
Chelsa Bocci - Chief Community Officer
The Founders of Kiva
If you would like more information go on
https://www.kiva.org/
Founded October 2005
Location
San Francisco, California, United States
Area made for
Worldwide
Method
Microcredit
Key people
Premal Shah (President) Jessica Jackley (co-founder)
To Find out what Kiva is click this
https://www.youtube.com/watch?v=yE1A8BbbB78
To find out how Kiva works click this
https://www.youtube.com/watch?v=Rx6cKAW9vx8
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