Blog posts tagged with lending

Oct 10, 2019 KV Kiva HQ

To celebrate our massive milestone of lending $1 billion to women, we had an amazing week-long celebration! With plenty of lending credits, borrower stories, and shared generosity, the Kiva community had so much fun interacting with each other and seeing just how strong we could be together.

Last week alone, the Kiva community came together to fund over $4 million in loans to women around the globe. That’s almost 10,000 more women who can now finance their dreams. 



Lenders like you continue to prove that...

Continue Reading >>
Oct 10, 2019 KV Kiva HQ

In October 2019, Kiva crossed the $1 BILLION dollar mark in loans to women around the world. That’s huge. That’s $1,000,000,000 deployed to almost 3 million women in 94 countries. But we couldn’t do it alone - this progress is all thanks to YOU, our incredible community. It takes a village to raise $1 billion. The Kiva village is diverse and powerful - lenders, volunteers, Field Partners, employees and corporate partners all came together to make this impact happen. 
 

Lenders

7th and 8th grade...
Continue Reading >>
Oct 10, 2019 KV Kiva HQ

There’s a saying that goes: “Don’t give me a fish, teach me how to catch it.” We’d say this encapsulates Kiva’s mission pretty well.

Over 14 years, Kiva has crowdfunded more than $1.3 billion in loans for entrepreneurs, farmers, students, educators, and more in over 90 countries around the world. 

And $1 billion of these loans? They went straight to women. 
 

How did we get here?

Kiva founders Matt and Jessica Flannery were newlyweds working in East Africa when they came up with the idea for Kiva. They...

Continue Reading >>
Oct 10, 2019 KV Kiva HQ

Women are a strong force for good in the world. Countless studies show that when women have equal access to resources, entire communities benefit from the additional productivity. One of the strongest levers to pull to advance international development is the inclusion of women.  

Women are at an economic disadvantage. Worldwide, women earn 63% less than men and spend three times as many hours on unpaid labor such as housework. Access to capital, like formal bank loans, is a primary constraint to the growth of female-owned businesses.

...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

Many of our Kiva borrowers are entrepreneurs who need Kiva microloans to pursue their passions, whether it’s to expand their current business or create a new one. Here at Kiva, we love supporting our past borrowers who have successfully established their businesses thanks to Kiva loans. Read on to learn about all of the ways lenders can continue supporting our borrowers even after they’ve repaid their loans!

 


Naked Geometry

Naked Geometry...
Continue Reading >>
Sep 9, 2019 KV Kiva HQ
David didn’t follow in his father’s footsteps. Instead, he learned cheesemaking from his neighbor and decided to start a dairy business of his own.

As the oldest of four children, David lives with his parents and brother. His father and brother both work in agriculture. 



On a sunny day in December 2018, David proudly showed off his farm and corral to one of Kiva’s fellows in San Cristóbal, Costa Rica. The mountainous area is known for its coffee production and other types of agricultural activities. 

David owns two cows that he... Continue Reading >>
Sep 9, 2019 KV Kiva HQ

“Rocky pays the rent.”

That’s what the Clinton Street Theater’s previous owner told Lani Jo Leigh as he left the decrepit building, formerly a neighborhood historical landmark, in a state of disrepair.

Lani Jo Leigh stands proudly in front of the renovated concession stand that she used a Kiva loan to purchase.

“He burned all his bridges with distributors and left the place a really, really big mess” by the time Lani became the owner of the Portland...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

In a time where smartphones are becoming the modern-day pacifiers, Abadias' dream is to train younger generations to continue building and playing with toys.

Abadias is a father of 6, living in the hills near the outskirts of Bello, Colombia. He is a professional woodworker who makes wooden toys such as tops, yoyos and 'pirinola,' which are six-sided tops that originate in Mexico.  

He even started traveling to other cities to share the traditional way of playing with these toys in schools and other institutions. 


...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

Allan was diagnosed with Cerebral palsy when he was born and his journey was a long one from the start, full of disbelievers and personal struggles. No one even thought he would pass the eighth grade.

Since graduating from college, Allan struggled to find a job, so he started driving for a ride-sharing service. "After months of applying for jobs and while driving my car, I was able to save some money,” said Allan. “Then I realized instead of waiting for someone to hire me, I can create a business and create jobs for others."

Allan had a dream to open a café...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

This post was co-written by Chad Sterbenz, Kiva's Chief Investment Officer, and Matthew Davie, Kiva's Chief Strategy Officer.

Avelino, a 62-year-old coffee farmer in Peru

We often talk about the need for global financial inclusion. By one measure — account ownership — there are 1.7 billion adults in the world without access to the formal financial sector. They lack access to even the most basic deposit accounts that enable so many...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

Amit Pansare is a senior engineer and software developer at Kiva. He’s been at the company for nearly 5 years altogether and continues to demonstrate his Kiva passion every day! 

Interview conducted by Casey Miller and Claire Primack; photography by Euri Park.

Fun fact: Amit’s greatest influence is his grandfather, who “made an effort to make sure that somebody's education is paid for” even when they didn’t have a car. To this day, Amit is grateful and throws his efforts into doing good while...
Continue Reading >>
Sep 9, 2019 KV Kiva HQ

Welcome to Higher Impact, a monthly series dedicated to sharing high-level impact progress at Kiva. You’ll hear a lot of great individual borrower stories from Kiva, but this series takes you behind the scenes to catch a glimpse of the impact our Field Partners are making in their regional communities. Check out the difference we’re making and tune in every month.

Our next installment comes from our Investment Manager for the Latin America and Caribbean region, Wesley Schrock. Below he delves into Kiva’s catalytic impact in challenging contexts. 

...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

Many of our Kiva borrowers are entrepreneurs who need Kiva microloans to pursue their passions, whether it’s to expand their current business or create a new one. Here at Kiva, we love supporting our past borrowers who have successfully established their businesses thanks to Kiva loans. Read on to learn about all of the ways lenders can continue supporting our borrowers even after they’ve repaid their loans!


The Xocolate Bar 

Organic and...
Continue Reading >>
Aug 8, 2019 KV Kiva HQ

For decades, the internet hasn’t broadly reached the developing world. What happens now that it finally is?

On March 12, 1989, Tim Berners-Lee submitted a document called Information Management: A Proposal to his colleagues at the European Organization for Nuclear Research (CERN). This document outlined a way to connect the world’s information that was then stored in stand-alone local computers, and became the foundation of the World Wide Web.

Internet Café in rural KwaZulu-Natal,...
Continue Reading >>
Aug 8, 2019 KV Kiva HQ

You may have noticed - Kiva's been evolving a lot lately. We're making some big moves, from recent product launches on Kiva.org to the announcement of our cooperation with the UN and the government of Sierra Leone to develop new block-chain based decentralized identification systems in Africa.

Kiva's 10+ years of experience in microfinance has given us unique expertise with and a deep understanding of obstacles to global financial inclusion. We often tell you about the exciting future of Kiva, but it's impossible to share all our experience in a single social media...

Continue Reading >>
Aug 8, 2019 KV Kiva HQ

Globally, over 1.7 billion adults, which is 31% of the world’s adult population,  do not have access to the formal financial sector. Kiva has operated for the past 13 years in this world, facilitating over $1.3 billion USD in microloans to unbanked and underbanked populations in over 90 countries worldwide. Our experiences on the ground have shown us firsthand the systemic challenges that prevent the unbanked from accessing the formal financial sector.

At its core, the systemic challenge is two-fold:

First, unbanked customers typically lack formal,...

Continue Reading >>
Aug 8, 2019 KV Kiva HQ

Somedays, Arahama’s family barely had anything to eat. They had to eat the same food every day and sometimes there was not enough food for her family.

Arahama is 47 years old, living with her five kids in Ngotogosso, Mali. Her husband is a farmer who cultivates rice, grains, peanuts and corn. Arahama used to sell clothes, but it wasn’t a profitable business. 



Then Arahama got a Kiva loan that helped her find a new business to support her family. Now she sells the rice from her husband’s farm. She also breeds sheep to fatten them and sell...

Continue Reading >>
Aug 8, 2019 KV Kiva HQ

When 12-year-old Hewett Polliack was asked what he wanted to do for his bar mitzvah project, he knew he wanted to pursue his interests of “business, invention and helping people succeed.” With that in mind and with the help of his parents, Hewett set out to raise money for Kiva loans through a bake sale at his local temple where he was participating in the Jewish coming-of-age ritual.

For the bar mitzvah process, young people will often take on a charity or community service project. After Hewett heard his mother talk about Kiva’s mission to crowdfund microloans...

Continue Reading >>
Aug 8, 2019 KV Kiva HQ

When your beauty brand has fans like Whole Foods and Sephora, you know you’re doing something right. When you’re able to make those beauty products in a socially impactful way, that creates jobs and improves the environment, you’re doing something extraordinary.

For Yve-Car, the CEO and founder of successful social enterprise Kreyol Essence, that extraordinary journey all began with a hair catastrophe.

Yve-Car, a social entrepreneur tackling unemployment and gender inequalities in Haiti, with...
Continue Reading >>
Aug 8, 2019 KV Kiva HQ

How much money do you spend on monthly subscriptions? Think about music, movies and TV, but also fitness, news and even shaving materials. A recent survey showed that American adults spend an average of $237.33 a month on subscription services.

That’s a ton! Before you think about canceling some of your subscriptions, think about how impactful it would be to lend just $25 each month to Kiva borrowers. 

Even this good boy can make a difference in the world from his couch. Photo by Paolo...
Continue Reading >>
Aug 8, 2019 KV Kiva HQ

Kiva loan applications are often not originally in English or are posted in countries where English is not the primary language.  A team of volunteers with the Review and Translation Program (RTP) edit, translate, and review our loans from around the world. More than 400 volunteers from Munich to Nova Scotia dedicate their time to contribute to Kiva's work. In the past 3 months, our volunteers have reviewed more than 37,187 loans.

This quarter we are celebrating three of our incredible volunteers: JoEllen, Joann, Dara and Susan! All our volunteers are motivated by the...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ

With your support, Kiva has built one of the most impactful investment portfolios on the planet! To date we have deployed $1.3 billion in loans to 2.6 million people globally. This funding has changed the lives of individuals, their families and the communities in which they live in ways they never thought possible. It has enabled single parents to build their businesses, women to achieve higher education, refugees to rebuild their lives in new communities, smallholder farmers to invest in their crops, and so much more. 

Facilitating finance in communities that need...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ

Do you have a question that isn't answered here? Check out our Help Center here.

What is the difference between flexible funding and fixed funding models?
How can I tell which loans are flexible vs fixed funding model?
What does “ending soon” mean?
How does flexible funding create more impact?
What is currency exchange loss and what is changing?
How will taking on currency risk by lenders lead to more impact?
How can I minimize my risk of currency loss?
Why is Kiva starting to charge Field Partners platform service fees?...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ

We’re constantly working hard to improve the Kiva experience for lenders, borrowers and Field Partners. One improvement we’ve been working on relates to the way Kiva loans are affected by foreign currency fluctuations. Foreign currency fluctuation against the US dollar has a significant impact on our Field Partners and we’re excited that we’ve created a solution we think will be effective in addressing this problem. Field Partners in some regions now have the option to pass on all currency exchange risk to lenders, enabling them to better manage their cash flow and serve more borrowers...

Continue Reading >>
Jul 7, 2019 TG Togo

Welcome to Higher impact, a series dedicated to sharing high-level impact progress at Kiva. You’ll hear a lot of great individual borrower stories from Kiva, but this series takes you behind the scenes to catch a glimpse of the impact our Field Partners are making in their regional communities. Check out the difference we’re making and tune in every month.

Manon with colleagues in the San Francisco Kiva office.

Our first installment comes from our Francophone...

Continue Reading >>

Pages

Blog posts tagged with lending

Oct 10, 2019 KV Kiva HQ

To celebrate our massive milestone of lending $1 billion to women, we had an amazing week-long celebration! With plenty of lending credits, borrower stories, and shared generosity, the Kiva community had so much fun interacting with each other and seeing just how strong we could be together.

Last week alone, the Kiva community came together to fund over $4 million in loans to women around the globe. That’s almost 10,000 more women who can now finance their dreams. 



Lenders like you continue to prove that...

Continue Reading >>
Oct 10, 2019 KV Kiva HQ

In October 2019, Kiva crossed the $1 BILLION dollar mark in loans to women around the world. That’s huge. That’s $1,000,000,000 deployed to almost 3 million women in 94 countries. But we couldn’t do it alone - this progress is all thanks to YOU, our incredible community. It takes a village to raise $1 billion. The Kiva village is diverse and powerful - lenders, volunteers, Field Partners, employees and corporate partners all came together to make this impact happen. 
 

Lenders

7th and 8th grade...
Continue Reading >>
Oct 10, 2019 KV Kiva HQ

There’s a saying that goes: “Don’t give me a fish, teach me how to catch it.” We’d say this encapsulates Kiva’s mission pretty well.

Over 14 years, Kiva has crowdfunded more than $1.3 billion in loans for entrepreneurs, farmers, students, educators, and more in over 90 countries around the world. 

And $1 billion of these loans? They went straight to women. 
 

How did we get here?

Kiva founders Matt and Jessica Flannery were newlyweds working in East Africa when they came up with the idea for Kiva. They...

Continue Reading >>
Oct 10, 2019 KV Kiva HQ

Women are a strong force for good in the world. Countless studies show that when women have equal access to resources, entire communities benefit from the additional productivity. One of the strongest levers to pull to advance international development is the inclusion of women.  

Women are at an economic disadvantage. Worldwide, women earn 63% less than men and spend three times as many hours on unpaid labor such as housework. Access to capital, like formal bank loans, is a primary constraint to the growth of female-owned businesses.

...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

Many of our Kiva borrowers are entrepreneurs who need Kiva microloans to pursue their passions, whether it’s to expand their current business or create a new one. Here at Kiva, we love supporting our past borrowers who have successfully established their businesses thanks to Kiva loans. Read on to learn about all of the ways lenders can continue supporting our borrowers even after they’ve repaid their loans!

 


Naked Geometry

Naked Geometry...
Continue Reading >>
Sep 9, 2019 KV Kiva HQ
David didn’t follow in his father’s footsteps. Instead, he learned cheesemaking from his neighbor and decided to start a dairy business of his own.

As the oldest of four children, David lives with his parents and brother. His father and brother both work in agriculture. 



On a sunny day in December 2018, David proudly showed off his farm and corral to one of Kiva’s fellows in San Cristóbal, Costa Rica. The mountainous area is known for its coffee production and other types of agricultural activities. 

David owns two cows that he... Continue Reading >>
Sep 9, 2019 KV Kiva HQ

“Rocky pays the rent.”

That’s what the Clinton Street Theater’s previous owner told Lani Jo Leigh as he left the decrepit building, formerly a neighborhood historical landmark, in a state of disrepair.

Lani Jo Leigh stands proudly in front of the renovated concession stand that she used a Kiva loan to purchase.

“He burned all his bridges with distributors and left the place a really, really big mess” by the time Lani became the owner of the Portland...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

In a time where smartphones are becoming the modern-day pacifiers, Abadias' dream is to train younger generations to continue building and playing with toys.

Abadias is a father of 6, living in the hills near the outskirts of Bello, Colombia. He is a professional woodworker who makes wooden toys such as tops, yoyos and 'pirinola,' which are six-sided tops that originate in Mexico.  

He even started traveling to other cities to share the traditional way of playing with these toys in schools and other institutions. 


...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

Allan was diagnosed with Cerebral palsy when he was born and his journey was a long one from the start, full of disbelievers and personal struggles. No one even thought he would pass the eighth grade.

Since graduating from college, Allan struggled to find a job, so he started driving for a ride-sharing service. "After months of applying for jobs and while driving my car, I was able to save some money,” said Allan. “Then I realized instead of waiting for someone to hire me, I can create a business and create jobs for others."

Allan had a dream to open a café...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

This post was co-written by Chad Sterbenz, Kiva's Chief Investment Officer, and Matthew Davie, Kiva's Chief Strategy Officer.

Avelino, a 62-year-old coffee farmer in Peru

We often talk about the need for global financial inclusion. By one measure — account ownership — there are 1.7 billion adults in the world without access to the formal financial sector. They lack access to even the most basic deposit accounts that enable so many...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

Amit Pansare is a senior engineer and software developer at Kiva. He’s been at the company for nearly 5 years altogether and continues to demonstrate his Kiva passion every day! 

Interview conducted by Casey Miller and Claire Primack; photography by Euri Park.

Fun fact: Amit’s greatest influence is his grandfather, who “made an effort to make sure that somebody's education is paid for” even when they didn’t have a car. To this day, Amit is grateful and throws his efforts into doing good while...
Continue Reading >>
Sep 9, 2019 KV Kiva HQ

Welcome to Higher Impact, a monthly series dedicated to sharing high-level impact progress at Kiva. You’ll hear a lot of great individual borrower stories from Kiva, but this series takes you behind the scenes to catch a glimpse of the impact our Field Partners are making in their regional communities. Check out the difference we’re making and tune in every month.

Our next installment comes from our Investment Manager for the Latin America and Caribbean region, Wesley Schrock. Below he delves into Kiva’s catalytic impact in challenging contexts. 

...

Continue Reading >>
Sep 9, 2019 KV Kiva HQ

Many of our Kiva borrowers are entrepreneurs who need Kiva microloans to pursue their passions, whether it’s to expand their current business or create a new one. Here at Kiva, we love supporting our past borrowers who have successfully established their businesses thanks to Kiva loans. Read on to learn about all of the ways lenders can continue supporting our borrowers even after they’ve repaid their loans!


The Xocolate Bar 

Organic and...
Continue Reading >>
Aug 8, 2019 KV Kiva HQ

For decades, the internet hasn’t broadly reached the developing world. What happens now that it finally is?

On March 12, 1989, Tim Berners-Lee submitted a document called Information Management: A Proposal to his colleagues at the European Organization for Nuclear Research (CERN). This document outlined a way to connect the world’s information that was then stored in stand-alone local computers, and became the foundation of the World Wide Web.

Internet Café in rural KwaZulu-Natal,...
Continue Reading >>
Aug 8, 2019 KV Kiva HQ

You may have noticed - Kiva's been evolving a lot lately. We're making some big moves, from recent product launches on Kiva.org to the announcement of our cooperation with the UN and the government of Sierra Leone to develop new block-chain based decentralized identification systems in Africa.

Kiva's 10+ years of experience in microfinance has given us unique expertise with and a deep understanding of obstacles to global financial inclusion. We often tell you about the exciting future of Kiva, but it's impossible to share all our experience in a single social media...

Continue Reading >>
Aug 8, 2019 KV Kiva HQ

Globally, over 1.7 billion adults, which is 31% of the world’s adult population,  do not have access to the formal financial sector. Kiva has operated for the past 13 years in this world, facilitating over $1.3 billion USD in microloans to unbanked and underbanked populations in over 90 countries worldwide. Our experiences on the ground have shown us firsthand the systemic challenges that prevent the unbanked from accessing the formal financial sector.

At its core, the systemic challenge is two-fold:

First, unbanked customers typically lack formal,...

Continue Reading >>
Aug 8, 2019 KV Kiva HQ

Somedays, Arahama’s family barely had anything to eat. They had to eat the same food every day and sometimes there was not enough food for her family.

Arahama is 47 years old, living with her five kids in Ngotogosso, Mali. Her husband is a farmer who cultivates rice, grains, peanuts and corn. Arahama used to sell clothes, but it wasn’t a profitable business. 



Then Arahama got a Kiva loan that helped her find a new business to support her family. Now she sells the rice from her husband’s farm. She also breeds sheep to fatten them and sell...

Continue Reading >>
Aug 8, 2019 KV Kiva HQ

When 12-year-old Hewett Polliack was asked what he wanted to do for his bar mitzvah project, he knew he wanted to pursue his interests of “business, invention and helping people succeed.” With that in mind and with the help of his parents, Hewett set out to raise money for Kiva loans through a bake sale at his local temple where he was participating in the Jewish coming-of-age ritual.

For the bar mitzvah process, young people will often take on a charity or community service project. After Hewett heard his mother talk about Kiva’s mission to crowdfund microloans...

Continue Reading >>
Aug 8, 2019 KV Kiva HQ

When your beauty brand has fans like Whole Foods and Sephora, you know you’re doing something right. When you’re able to make those beauty products in a socially impactful way, that creates jobs and improves the environment, you’re doing something extraordinary.

For Yve-Car, the CEO and founder of successful social enterprise Kreyol Essence, that extraordinary journey all began with a hair catastrophe.

Yve-Car, a social entrepreneur tackling unemployment and gender inequalities in Haiti, with...
Continue Reading >>
Aug 8, 2019 KV Kiva HQ

How much money do you spend on monthly subscriptions? Think about music, movies and TV, but also fitness, news and even shaving materials. A recent survey showed that American adults spend an average of $237.33 a month on subscription services.

That’s a ton! Before you think about canceling some of your subscriptions, think about how impactful it would be to lend just $25 each month to Kiva borrowers. 

Even this good boy can make a difference in the world from his couch. Photo by Paolo...
Continue Reading >>
Aug 8, 2019 KV Kiva HQ

Kiva loan applications are often not originally in English or are posted in countries where English is not the primary language.  A team of volunteers with the Review and Translation Program (RTP) edit, translate, and review our loans from around the world. More than 400 volunteers from Munich to Nova Scotia dedicate their time to contribute to Kiva's work. In the past 3 months, our volunteers have reviewed more than 37,187 loans.

This quarter we are celebrating three of our incredible volunteers: JoEllen, Joann, Dara and Susan! All our volunteers are motivated by the...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ

With your support, Kiva has built one of the most impactful investment portfolios on the planet! To date we have deployed $1.3 billion in loans to 2.6 million people globally. This funding has changed the lives of individuals, their families and the communities in which they live in ways they never thought possible. It has enabled single parents to build their businesses, women to achieve higher education, refugees to rebuild their lives in new communities, smallholder farmers to invest in their crops, and so much more. 

Facilitating finance in communities that need...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ
By Channing Fisher.

Do you have a question that isn't answered here? Check out our Help Center here.

What is the difference between flexible funding and fixed funding models?
How can I tell which loans are flexible vs fixed funding model?
What does “ending soon” mean?
How does flexible funding create more impact?
What is currency exchange loss and what is changing?
How will taking on currency risk by lenders lead to more impact?
How can I minimize my risk of currency loss?
Why is Kiva starting to charge Field Partners platform service fees?...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ

We’re constantly working hard to improve the Kiva experience for lenders, borrowers and Field Partners. One improvement we’ve been working on relates to the way Kiva loans are affected by foreign currency fluctuations. Foreign currency fluctuation against the US dollar has a significant impact on our Field Partners and we’re excited that we’ve created a solution we think will be effective in addressing this problem. Field Partners in some regions now have the option to pass on all currency exchange risk to lenders, enabling them to better manage their cash flow and serve more borrowers...

Continue Reading >>
Jul 7, 2019 TG Togo

Welcome to Higher impact, a series dedicated to sharing high-level impact progress at Kiva. You’ll hear a lot of great individual borrower stories from Kiva, but this series takes you behind the scenes to catch a glimpse of the impact our Field Partners are making in their regional communities. Check out the difference we’re making and tune in every month.

Manon with colleagues in the San Francisco Kiva office.

Our first installment comes from our Francophone...

Continue Reading >>

Pages