Blog posts tagged with loans

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 >>
Jul 7, 2019 KV Kiva HQ

Last week, we welcomed our newest class of interns, international fellows and Atlas Corps fellows at Kiva’s headquarters. They participated in five intense days filled with trainings, workshops, fun and delicious food. All of our trainees were selected from an impressive pool of applicants from around the world.



This training week differed from the traditional ways of past training weeks. For the first time, Kiva combined what would usually be held as separate trainings for our interns and fellows.  We are excited to introduce the 24th class of...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ

Globally, 1.7 billion adults are unbanked today [1]— they do not have an account at a financial institution or via mobile money. This represents 31% of all adults globally. Being invisible to formal financial services, they are forced to operate in a cash-only economy that does not offer the leverage of credit for things like homeownership, education or even basic medical services.

Globally, 1.7 billion adults lack a financial account [1]

The 1.7 billion unbanked are, not surprisingly...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ

Kiva employees are passionate, bold and curious - and so are our lenders like you! If you're looking for some great book recommendations, you've come to the right place. We've asked Kiva employees from all different departments to share their favorite reads. Bring any or all of these great reads to the beach or pool with you this summer! Happy reading!

 

The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty by Clayton Christensen

Ian Davis, Corporate Counsel: "Well-known for his research on innovation, Christensen applies his...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ
At 22 years old, Tinatin has a very full life. She’s in her 4th year of her journalism degree and has a husband and a baby to look after. 

“Georgians desire to develop themselves through education,” Tinatin says, “and an intelligent, educated youth will be better able to represent Georgia to the world.”



Tinatin is one of these youth - 4 years ago, she chose to pursue a degree in journalism at Davit Aghmashenebeli University of Georgia. However, her family struggled to pay back the high-interest loan that her father used to finance her first 2 years... Continue Reading >>
Jul 7, 2019 ID Indonesia

It feels like everyone went to Bali, Indonesia last year, right? Well, so did Kyle, but he’s a little different. He first went to Bali in 2004 and his experience there changed his life. 

Kyle Parsons grew up in New Hampshire in the United States. Throughout college, he developed both a keen eye for fashion and an interest in recycling and environmental issues. After school, he spent 5 years working in fashion, athletic and apparel sales. 

That’s where his Bali trip comes in. While he was there, Kyle bought a pair of locally-crafted sandals made...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ
“I’ve always loved my science classes,” explains 2nd-year med student, Antonia, “but I didn’t realize I was good at it until last year.”  At a community festival, Antonia put her passion into practice by providing emergency CPR and saving the life of a neighbor. “I was so grateful for the training,” Antonia continued, “and it never would have been possible without a loan from Kiva and FUNDAPEC.”



Antonia is the youngest of 9 children from a small village outside of Santo Domingo in the Dominican Republic. Her parents are ailing, currently unemployed and... Continue Reading >>
Jun 6, 2019 KV Kiva HQ

What Tsiala Mamonova is truly passionate about is her clothing business. However, when her mother fell ill, Tsiala had to shut down the business in order to take care of her. Once her mother recovered, Tsiala did not have sufficient funds to restart her business. Instead of returning to her passion, she went to work at a grocery store. 

Tsiala proudly poses at her home with product from her clothing business.

Without access to finance, Tsiala’s story may have ended there. In...

Continue Reading >>
Jun 6, 2019 US United States

Scott and Emily didn’t go to business school, nor do they have a formal business background. But they are resourceful, entrepreneurial and passionate. With support from their community, they’ve built 2 small businesses in Oakland, California. 


The couple met and fell in love while working at a large restaurant in San Francisco. “When we got married, we wanted a quality of life where we could have dinner at home together instead of dinner at work or seeing each other for 15 minutes on the shift change,” Scott explains. That’s when...

Continue Reading >>
Jun 6, 2019 KV Kiva HQ

Traditional banks won’t lend to refugees because they’re perceived as too risky. But Kiva’s refugee portfolio breaks that stereotype - we lend to refugees with a repayment rate above 95%. 

Kiva began crowdfunding loans to refugees in 2016. Since then, lenders on our platform have contributed $12.5 million in loans to over 15,000 refugees across the globe. But we’re just getting started. 

Besides our crowdfunding platform, we are working on two new initiatives that will catalyze our impact. 

"We want to share what we're doing in...

Continue Reading >>
Jun 6, 2019 KV Kiva HQ

Kiva has a long history of working to advance financial inclusion in over 90 countries. Over the past 13 years, we’ve made over $1.3 billion USD in loans to unbanked and vulnerable populations globally. With almost 97% repayment rates, we have shown that these populations are overly creditworthy, and we work every day to bring full financial inclusion to them. Because of this, we’ve been asked to participate in a new multi-stakeholder initiative focused on global payments. In our role, we will continue to advocate for unbanked and vulnerable populations globally.

Today,...

Continue Reading >>
Jun 6, 2019 LB Lebanon


Dima and her husband were forced to leave their home when she was pregnant. After she delivered her son, they were forced to flee again, each carrying one of their children. This time they left their home country of Syria for Lebanon to seek safety. 

In Syria, Dima's husband had a good job. In Lebanon, Dima had to get a job...

Continue Reading >>
Jun 6, 2019 KV Kiva HQ

Original video by Joseph Schlabs. See more of his work here.


Wahab and his family fled their home in Iraq back in 1991, seeking refuge in various countries in the Middle East for 13 years. Sometimes his family was separated for weeks, months or years at a time. When they finally moved back to Iraq, the United States...

Continue Reading >>
Jun 6, 2019 KV Kiva HQ

MiCrédito was founded in 2004 to establish a new and improved support system for underserved populations in rural Nicaragua. Through the years, its size and impact have grown extensively, delivering various products and services to an even larger group in both Nicaragua and Costa Rica.

Edith Rosatte (left) got a loan from MiCrédito in Nicaragua for her veterinary school registration fees.

By providing loans for education, sanitation, and clean energy, MiCrédito gives life-...

Continue Reading >>
Jun 6, 2019 KV Kiva HQ

“The people who were celebrating our marriage are the people who have loved us well over the years – caring, supporting, investing in our lives in some way,” Drew and Allie realized while planning their wedding. “We wanted to take that gift of love and support and pay it forward.”

The couple wanted a meaningful way to truly thank their guests for their love and support. So instead of handing out candy or knick-knacks as wedding favors, the couple funded loans on Kiva.org in honor of their wedding guests.

...

Continue Reading >>
May 5, 2019 KV Kiva HQ

How does Kiva know who needs a loan? How does the money actually reach them? What is a Field Partner? These are questions we get a lot! To get a clearer view of how Kiva works, here's a bit about the Field Partners we work with. 

What's a Field Partner? Kiva works with more than 330 local organizations worldwide to distribute loans. These are our Field Partners on the ground, meeting borrowers and delivering your loans. When you lend to most borrowers on kiva.org, the funds go to Kiva’s Field Partners, who are responsible for...

Continue Reading >>
May 5, 2019 KV Kiva HQ

Young women in five countries across Africa are starting businesses thanks to 0% interest microloans available through an innovative program run by the education-focused nonprofit the Campaign for Female Education (CAMFED) in partnership with Kiva.

CAMFED Tanzania staff and client participants at the Design Thinking Workshop in December 2018

While many of these inspiring female entrepreneurs, who are part of CAMFED’s alumnae network, CAMA, repay their loans on time, some, especially those in...

Continue Reading >>
May 5, 2019 RW Rwanda


In 2017, Jacqueline was forced to flee her home in Burundi and start a new life in Rwanda. At first, she struggled to put food on the table and provide for her 3 children. 

But Jacqueline is hardworking, honest and entrepreneurial. She started a soap manufacturing business with the help of a Kiva loan and changed her own life. Today, Jacqueline employs several... Continue Reading >>

Pages

Blog posts tagged with loans

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 >>
Jul 7, 2019 KV Kiva HQ

Last week, we welcomed our newest class of interns, international fellows and Atlas Corps fellows at Kiva’s headquarters. They participated in five intense days filled with trainings, workshops, fun and delicious food. All of our trainees were selected from an impressive pool of applicants from around the world.



This training week differed from the traditional ways of past training weeks. For the first time, Kiva combined what would usually be held as separate trainings for our interns and fellows.  We are excited to introduce the 24th class of...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ

Globally, 1.7 billion adults are unbanked today [1]— they do not have an account at a financial institution or via mobile money. This represents 31% of all adults globally. Being invisible to formal financial services, they are forced to operate in a cash-only economy that does not offer the leverage of credit for things like homeownership, education or even basic medical services.

Globally, 1.7 billion adults lack a financial account [1]

The 1.7 billion unbanked are, not surprisingly...

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

Kiva employees are passionate, bold and curious - and so are our lenders like you! If you're looking for some great book recommendations, you've come to the right place. We've asked Kiva employees from all different departments to share their favorite reads. Bring any or all of these great reads to the beach or pool with you this summer! Happy reading!

 

The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty by Clayton Christensen

Ian Davis, Corporate Counsel: "Well-known for his research on innovation, Christensen applies his...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ
At 22 years old, Tinatin has a very full life. She’s in her 4th year of her journalism degree and has a husband and a baby to look after. 

“Georgians desire to develop themselves through education,” Tinatin says, “and an intelligent, educated youth will be better able to represent Georgia to the world.”



Tinatin is one of these youth - 4 years ago, she chose to pursue a degree in journalism at Davit Aghmashenebeli University of Georgia. However, her family struggled to pay back the high-interest loan that her father used to finance her first 2 years... Continue Reading >>
Jul 7, 2019 ID Indonesia

It feels like everyone went to Bali, Indonesia last year, right? Well, so did Kyle, but he’s a little different. He first went to Bali in 2004 and his experience there changed his life. 

Kyle Parsons grew up in New Hampshire in the United States. Throughout college, he developed both a keen eye for fashion and an interest in recycling and environmental issues. After school, he spent 5 years working in fashion, athletic and apparel sales. 

That’s where his Bali trip comes in. While he was there, Kyle bought a pair of locally-crafted sandals made...

Continue Reading >>
Jul 7, 2019 KV Kiva HQ
“I’ve always loved my science classes,” explains 2nd-year med student, Antonia, “but I didn’t realize I was good at it until last year.”  At a community festival, Antonia put her passion into practice by providing emergency CPR and saving the life of a neighbor. “I was so grateful for the training,” Antonia continued, “and it never would have been possible without a loan from Kiva and FUNDAPEC.”



Antonia is the youngest of 9 children from a small village outside of Santo Domingo in the Dominican Republic. Her parents are ailing, currently unemployed and... Continue Reading >>
Jun 6, 2019 KV Kiva HQ

What Tsiala Mamonova is truly passionate about is her clothing business. However, when her mother fell ill, Tsiala had to shut down the business in order to take care of her. Once her mother recovered, Tsiala did not have sufficient funds to restart her business. Instead of returning to her passion, she went to work at a grocery store. 

Tsiala proudly poses at her home with product from her clothing business.

Without access to finance, Tsiala’s story may have ended there. In...

Continue Reading >>
Jun 6, 2019 US United States

Scott and Emily didn’t go to business school, nor do they have a formal business background. But they are resourceful, entrepreneurial and passionate. With support from their community, they’ve built 2 small businesses in Oakland, California. 


The couple met and fell in love while working at a large restaurant in San Francisco. “When we got married, we wanted a quality of life where we could have dinner at home together instead of dinner at work or seeing each other for 15 minutes on the shift change,” Scott explains. That’s when...

Continue Reading >>
Jun 6, 2019 KV Kiva HQ

Traditional banks won’t lend to refugees because they’re perceived as too risky. But Kiva’s refugee portfolio breaks that stereotype - we lend to refugees with a repayment rate above 95%. 

Kiva began crowdfunding loans to refugees in 2016. Since then, lenders on our platform have contributed $12.5 million in loans to over 15,000 refugees across the globe. But we’re just getting started. 

Besides our crowdfunding platform, we are working on two new initiatives that will catalyze our impact. 

"We want to share what we're doing in...

Continue Reading >>
Jun 6, 2019 KV Kiva HQ

Kiva has a long history of working to advance financial inclusion in over 90 countries. Over the past 13 years, we’ve made over $1.3 billion USD in loans to unbanked and vulnerable populations globally. With almost 97% repayment rates, we have shown that these populations are overly creditworthy, and we work every day to bring full financial inclusion to them. Because of this, we’ve been asked to participate in a new multi-stakeholder initiative focused on global payments. In our role, we will continue to advocate for unbanked and vulnerable populations globally.

Today,...

Continue Reading >>
Jun 6, 2019 LB Lebanon


Dima and her husband were forced to leave their home when she was pregnant. After she delivered her son, they were forced to flee again, each carrying one of their children. This time they left their home country of Syria for Lebanon to seek safety. 

In Syria, Dima's husband had a good job. In Lebanon, Dima had to get a job...

Continue Reading >>
Jun 6, 2019 KV Kiva HQ

Original video by Joseph Schlabs. See more of his work here.


Wahab and his family fled their home in Iraq back in 1991, seeking refuge in various countries in the Middle East for 13 years. Sometimes his family was separated for weeks, months or years at a time. When they finally moved back to Iraq, the United States...

Continue Reading >>
Jun 6, 2019 KV Kiva HQ

MiCrédito was founded in 2004 to establish a new and improved support system for underserved populations in rural Nicaragua. Through the years, its size and impact have grown extensively, delivering various products and services to an even larger group in both Nicaragua and Costa Rica.

Edith Rosatte (left) got a loan from MiCrédito in Nicaragua for her veterinary school registration fees.

By providing loans for education, sanitation, and clean energy, MiCrédito gives life-...

Continue Reading >>
Jun 6, 2019 KV Kiva HQ

“The people who were celebrating our marriage are the people who have loved us well over the years – caring, supporting, investing in our lives in some way,” Drew and Allie realized while planning their wedding. “We wanted to take that gift of love and support and pay it forward.”

The couple wanted a meaningful way to truly thank their guests for their love and support. So instead of handing out candy or knick-knacks as wedding favors, the couple funded loans on Kiva.org in honor of their wedding guests.

...

Continue Reading >>
May 5, 2019 KV Kiva HQ
By Channing Fisher.

How does Kiva know who needs a loan? How does the money actually reach them? What is a Field Partner? These are questions we get a lot! To get a clearer view of how Kiva works, here's a bit about the Field Partners we work with. 

What's a Field Partner? Kiva works with more than 330 local organizations worldwide to distribute loans. These are our Field Partners on the ground, meeting borrowers and delivering your loans. When you lend to most borrowers on kiva.org, the funds go to Kiva’s Field Partners, who are responsible for...

Continue Reading >>
May 5, 2019 KV Kiva HQ

Young women in five countries across Africa are starting businesses thanks to 0% interest microloans available through an innovative program run by the education-focused nonprofit the Campaign for Female Education (CAMFED) in partnership with Kiva.

CAMFED Tanzania staff and client participants at the Design Thinking Workshop in December 2018

While many of these inspiring female entrepreneurs, who are part of CAMFED’s alumnae network, CAMA, repay their loans on time, some, especially those in...

Continue Reading >>
May 5, 2019 RW Rwanda


In 2017, Jacqueline was forced to flee her home in Burundi and start a new life in Rwanda. At first, she struggled to put food on the table and provide for her 3 children. 

But Jacqueline is hardworking, honest and entrepreneurial. She started a soap manufacturing business with the help of a Kiva loan and changed her own life. Today, Jacqueline employs several... Continue Reading >>

Pages

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