(MFI)
What is Kiva?
Nicaragua
Honduras
Togo
Senegal
Bulgaria
Gaza
Uganda
KenyaTanzania
Cambodia
Samoa
Mexico
Ecuador
NigeriaGhana
Mozambique
Ukraine
Afghanistan
DRC Indonesia
Azerbaijan
Cameroon
Tajikistan
Bolivia
Haiti Dominican Republic
Vietnam
Iraq
Peru
Paraguay
Guatemala
Sierra LeoneCote d’Ivoire
PakistanNepal
Moldova
Lebanon
South Sudan
Bosnia
Partnerships with 104 MFIs in 49 Countries!
How does Kiva Work?
A loan is
made on Kiva
every 31 seconds
in 2008!!!
Kiva moves money
• Lenders choose a person to lend to
• An MFI gets the money from Kiva
• The MFI lends the money to the borrower
• The borrower repays the MFI
• The MFI repays Kiva• Kiva repays the lenders
Who Are Kiva Fellows? What Do They Do?
What are the good things about Microfinance?
• With a relatively small amount of money, poor people can start or improve their business
• Most formal lending institutions won’t lend to them. Why?
• Microfinance can help women and girls• Microfinance works inside communities• Microfinance is empowering• Microfinance is person to person development
Sierra’s Favorite Stories
What are the bad things about microfinance?
• Takes a long time to get a loan• Borrowers have to do a lot of things to get a loan
– So borrowers look for MFIs with the fewest requirements– What does this mean?
• It costs a lot to give a loan, so interest rates are high– How high?
• Not everyone wants a business, some wish they could be an employee
Sierra’s Unhappy Story
There were others stories like this…but not for today
Sierra’s Complicated Story
People need loans for lots of reasons, not always business….
But- mostly stories are about small improvements…..
And pride…..
What Can You Do?• Creative way to make providing loans cheaper-
technology?• Support business training in the developing world• Support nonprofits that provide other, non-financial
services• Buy products sold by microborrowers (ahkun.org)• Listen to people• Support local small businesses• Speak another language• Learn as much as you can about the world
…and lend to
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