07/22/2022
We love when technology can connect people from around the world, break down barriers, and amplify the potential of ordinary people, who otherwise would lack the resources to achieve their dreams. Microlending company Kiva checks all of those boxes and more! You (yes you!) can make a loan (a loan not a donation!) of as little as $25.00 to Gertrude in Uganda to help her buy stock to sell at her food stall. Or to Terra in Brookfield, Wisconsin to help with her startup business. You can choose borrowers by country, region, industry or cause. Twenty-five dollars may not seem like a lot, but when millions of people lend, it can literally change lives. One might think that these would be risky loans, but the repayment rate is over 96%, only a few percentage points lower than the repayment rate of “qualified borrowers” to commercial banks. Unlike a donation, once your loan is repaid, you can lend it out again, changing lives over and over again with your same initial investment. If you would like to become a Bigtime Microlender, as well as an even more amazing human being, head over to kiva.org today!
https://www.kiva.org/
Support women, entrepreneurs, students and refugees around the world with as little as $25 on Kiva. 100% of your loans go to support borrowers.