The federal govt in Ottawa spends about $1 billion a year on foreign aid. It should transferring 1% a year, starting at 5% of the total, to microfinance organization kiva.org . The money paid back can refinance other microloans in a virtuous circle.
Kiva is the world's first person-to-person micro-lending website
Kiva is the world's first person-to-person micro-lending website
July 24, 4:00 PM
Charlotte Christianity Examiner
Bob Diamond
“Kiva is the world's first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs around the globe.”
Through Kiva you can help hardworking and deserving entrepreneurs in more than 180 countries. Most of the time you can make a difference in their lives for less than a couple of hundred dollars.
I first learned about Kiva through the Internet marketing guru Ed Dale. Ed Dale gained a lot of deserved attention when he created a free Internet marketing course called the 30 Day Challenge .
Ed has made millions of dollars selling Internet web sites. He wants to share his good fortune with others who haven’t been as fortunate as he has been.
Kiva - The 30DC Recommended Charity
The 2009 free internet marketing class training begins on August 1.
Kevin H. Davis another Internet entrepreneur has put together a web page that shows his experience with Kiva. > My Kiva Loans | Kevin H Davis - Speaker, Mentor, Marketing Coach
You don’t have to be an international banker. All you have to do is to sign up with Kiva. They have done all the work. You can be matched up with hundreds of enterprising people that need your help right from your laptop.
Here’s an example of a loan for $125 that was made to Jerry Clavete that was used to help him with a small motorcycle delivery business and small store in the front of his home in the Philippines.
Kiva - Jerry Clevete
Repayment Schedule for Jerry Clevete
Expected Repayments Actual Repayments
May 2009 $31.25 $31.25 Repayment Received
June 2009 $31.25 $31.25 Repayment Received
July 2009 $25.00 $25.00 Repayment Received
August 2009 $25.00 $37.50
There was no September payment because he actually paid it off a little early in August.
Kiva’s impact
According to the Kiva web site:
Total value of all loans made through Kiva: $80,352,510
Number of Kiva Lenders: 520,867
Number of countries represented by Kiva Lenders: 184
Number of entrepreneurs that have received a loan through Kiva: 194,892
Number of loans that have been funded through Kiva: 115,092
Percentage of Kiva loans which have been made to women entrepreneurs: 82.82%
Number of Kiva Field Partners (micro finance institutions Kiva partners with): 103
Number of countries Kiva Field Partners are located in: 48
Current repayment rate (all partners): 98.50%
Average loan size (This is the average amount loaned to an individual Kiva Entrepreneur. Some loans - group loans - are divided between groups of borrowers.): $415.27
Average total amount loaned per Kiva Lender (includes reloaned funds): $154.58
Average number of loans per Kiva Lender: 4.36
Kiva is the world's first person-to-person micro-lending website
Kiva is the world's first person-to-person micro-lending website
July 24, 4:00 PM
“Kiva is the world's first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs around the globe.”
Through Kiva you can help hardworking and deserving entrepreneurs in more than 180 countries. Most of the time you can make a difference in their lives for less than a couple of hundred dollars.
I first learned about Kiva through the Internet marketing guru Ed Dale. Ed Dale gained a lot of deserved attention when he created a free Internet marketing course called the 30 Day Challenge .
Ed has made millions of dollars selling Internet web sites. He wants to share his good fortune with others who haven’t been as fortunate as he has been.
Kiva - The 30DC Recommended Charity
The 2009 free internet marketing class training begins on August 1.
Kevin H. Davis another Internet entrepreneur has put together a web page that shows his experience with Kiva. > My Kiva Loans | Kevin H Davis - Speaker, Mentor, Marketing Coach
You don’t have to be an international banker. All you have to do is to sign up with Kiva. They have done all the work. You can be matched up with hundreds of enterprising people that need your help right from your laptop.
Here’s an example of a loan for $125 that was made to Jerry Clavete that was used to help him with a small motorcycle delivery business and small store in the front of his home in the Philippines.
Kiva - Jerry Clevete
Repayment Schedule for Jerry Clevete
Expected Repayments Actual Repayments
May 2009 $31.25 $31.25 Repayment Received
June 2009 $31.25 $31.25 Repayment Received
July 2009 $25.00 $25.00 Repayment Received
August 2009 $25.00 $37.50
There was no September payment because he actually paid it off a little early in August.
Kiva’s impact
According to the Kiva web site:
Total value of all loans made through Kiva: $80,352,510
Number of Kiva Lenders: 520,867
Number of countries represented by Kiva Lenders: 184
Number of entrepreneurs that have received a loan through Kiva: 194,892
Number of loans that have been funded through Kiva: 115,092
Percentage of Kiva loans which have been made to women entrepreneurs: 82.82%
Number of Kiva Field Partners (micro finance institutions Kiva partners with): 103
Number of countries Kiva Field Partners are located in: 48
Current repayment rate (all partners): 98.50%
Average loan size (This is the average amount loaned to an individual Kiva Entrepreneur. Some loans - group loans - are divided between groups of borrowers.): $415.27
Average total amount loaned per Kiva Lender (includes reloaned funds): $154.58
Average number of loans per Kiva Lender: 4.36
