Author Topic: Join Kiva  (Read 1059 times)

fdaray

  • LUMINARY
  • ***
  • Posts: 5036
  • In my twilight days..... I shine still shine..
    • View Profile
Join Kiva
« on: March 24, 2010, 10:45:31 PM »
LET US JOIN KIVA AND BECOMES  A GOOD BORROWER


What is Kiva?


Kiva's mission is to connect people, through lending, for the sake of alleviating poverty.

Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending.

 
Pendo Luisi, 27 years old, borrowed $175 to open a cafe in Dar es Salaam, Tanzania.
Kiva was born of the following beliefs:

People are by nature generous, and will help others if given the opportunity to do so in a transparent, accountable way.

The poor are highly motivated and can be very successful when given an opportunity.

By connecting people we can create relationships beyond financial transactions, and build a global community expressing support and encouragement of one another.

Kiva promotes:
Dignity:   Kiva encourages partnership relationships as opposed to benefactor relationships. Partnership relationships are characterized by mutual dignity and respect.

Accountability:   Loans encourage more accountability than donations where repayment is not expected.

Transparency:   The Kiva website is an open platform where communication can flow freely around the world.

As of November 2009, Kiva has facilitated over $100 million in loans.



How Kiva Works1) It all starts with our Field Partners, which are microfinance institutions operating around the world. Our Field Partners approve and disburse a microloan to an entrepreneur in their community. They take a picture of the entrepreneur and write down the entrepreneur’s story.



2) The Field Partner uploads the entrepreneur’s profile to Kiva’s website. The profile, if it’s not in English, is translated by one of our hundreds of volunteer translators. After translation, the profile appears live on Kiva.org



3) Lenders like you browse the entrepreneurs’ profiles and choose someone to lend to, using PayPal or their credit cards.



4) Kiva provides the funds to our Field Partners by aggregating the loan funds from all contributing lenders. Most Field Partners then use the Kiva lender funds to backfill the loan they’ve already disbursed to the entrepreneur. Disbursals can happen up to 30 days before, or 30 days after a loan request is uploaded to the Kiva website.



5) Over time, the entrepreneur repays her loan. The Field Partner collects those repayments and lets Kiva know if a repayment was not made as scheduled. We give Field Partners the option to cover both currency losses and entrepreneur defaults.

To speed things up and to minimize the number and expense of wire transfers, Kiva works on a net billing system. This means that, for any given month, we subtract the amount of repayments that a Field Partner owes to Kiva lenders from the amount that a Field Partner fundraises for entrepreneurs on Kiva.

If the balance is positive, that means that the Field Partner has raised more than they need to repay, and we use those funds to credit your lender account with the repayments due to you. Tell me more

If the balance is negative, then the Field Partner has 30 days to send us a payment for the balance. As soon as we receive that payment, we use those funds to credit your lender account with the repayments due to you.

Repayment and other updates are posted on Kiva and emailed to lenders who wish to receive them.



6) When lenders get their money back, they can re-lend to another entrepreneur, donate their funds to Kiva (to cover operational expenses), or withdraw their funds to their PayPal accounts.

MGA TB MEMBERS, SEARCH KIVA.  HOW EASY TO GET LOAN?

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=26401.0
Life is what you make.
Kon naa kay gisoksok, naa kay makuot.

http://feldarblogspotcom.blogspot.com/
http://darayagrifacts.blogspot.com/

unionbank online loan application low interest, credit card, easy and fast approval

bol-anon quo nyur!

  • EXPERT
  • ***
  • Posts: 2386
    • View Profile
Re: Join Kiva
« Reply #1 on: March 25, 2010, 04:23:41 AM »
Sir Felix, ahh maayo tong adto sila manghuwam sa 5/6 kay mahimo nila daganan :)

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=26401.0

fdaray

  • LUMINARY
  • ***
  • Posts: 5036
  • In my twilight days..... I shine still shine..
    • View Profile
Re: Join Kiva
« Reply #2 on: March 25, 2010, 07:27:27 AM »
bol-anon........., Nakahiblo ka bahin sa Kiva. Duna bay collateral, unsaon pagloan.? This is global  lending institution through internet.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=26401.0
Life is what you make.
Kon naa kay gisoksok, naa kay makuot.

http://feldarblogspotcom.blogspot.com/
http://darayagrifacts.blogspot.com/

unionbank online loan application low interest, credit card, easy and fast approval

Tags: