Jul 30, 2014 KV Kiva HQ
By Tess Murphy
We Believe: 8 Tenets Kiva Lives By

We are constantly inspired by the Kiva community–a community that includes more than 2.5 million lenders and borrowers around the globe. Together, we are bound by our vision of a more connected, compassionate world. In celebration of this vision at the heart of Kiva’s work, we’re telling the world what #WeBelieve this week. Will you join us? Share your favorite #WeBelieve message below, and tell us what drive you to be part of Kiva in the comments!














Tenants or tenets? Tenants are people who live in housing that you own. Tenets are principles of belief.

Excellent. Now please bring the map view back. Thank you.

Very serene, and very, very safe. Would condense into six tenets, then add two -- women's equality and GLBT equality.

I wish you would add as a tenet: We believe in offering loans at low interest. I've seen some extremely high rates on Kiva. How does that liberate poor people?

To the "high interest rate" comment. Low loan amounts are off set by charging slightly higher interest rates, so that expenses for managing the operation can be accounted for. For example if you charged a 5% rate on a $1000 loan, amortized over only 12 months, the interest would not be nearly enough to service the loan. If you read "Banker to the Poor" by Mohammad Yunus (creator of micro finance) what you would find is that, in comparison to the 10%/day rate borrowers are usually charged by their "village hustler" the rates from Kiva are a drop in the bucket.

Would it be possible to just plain build a well in a village through Kiva? Let's say that when a community reaches a certain number of financed loans, people, who would normally spend that money on chips and dip, could contribute money for a well or some other piece of community infrastructure that improves their lives as a whole. "Sell" slices of the well online.

Add new comment

After graduating from Fordham University with a B.A. in Political Science and French, Tess decided to book a one-way flight to Asia, volunteering as she traveled. She found that the best way to close the gap between what she saw and the people back home was the share these experiences through writing blogs. Tess saw how local businesses can help improve the lives of the community while preserving their cultural traditions. She described how Cambodian farmers, Vietnamese teachers and Malaysian artists all have similar ambitions to their American counterparts. People everywhere want to succeed and technology helps connect these ambitions. After finishing her travels, Tess joined the Marketing Team at Kiva as an intern, where she focused on the inspiring stories behind each borrower. Behind the amount of the loan is an enriching story about that entrepreneur’s life. By shedding light on these stories to lenders, Tess saw how relatable stories can help drive enterprise. After completing her forthcoming fellowship in Zimbabwe and South Africa, Tess hopes to continue a development and content driven career in social enterprise.

Add Your Comments