Micro credit (loans) through KIVA
NLV will be participating soon in KIVA’s program to lend to the working poor. After we create a loan portfolio, you should be able to view it through a link to KIVA that will appear here and on our home page side bar.
KIVA is said to be the world’s first person-to-person micro-lending website, “empowering individuals to lend directly to unique entrepreneurs in the developing world” Their mission is to connect people through lending for the sake of alleviating poverty. Each loan is for an amount of US$25. The loans from each lender are aggregated and according to information on their website we will be helping someone “make great strides towards economic independence and improve life for themselves, their family, and their community.” Throughout the course of the loan (usually 6-12 months), we can receive email journal updates and track repayments.
Kiva partners with existing expert microfinance institutions, and by doing so, gain access to outstanding entrepreneurs from impoverished communities world-wide.