My Journey with Kiva

I went to UCLA for Model UN the summer of 2019 which opened my eyes to issues in Africa with the Congo, Central African Republic, and Uganda. I was a representative for Congo while I was there and read about the upcoming issues with refugees and women. I wanted to help in some real way and while searching the internet I found Kiva. It is a way to help Africa’s people and get them a little bit of what they need, by giving loans to people with small businesses. So my dad and I donated six times and helped 25 people in Congo, Uganda, Cameroon, Dominican Republic, and Costa Rica. This is a fantastic way to help others and this is one way I can help contribute to something I really love and want to help with.

  • 81% of Kiva borrowers are women
  • 450 Kiva volunteers
  • 1.8 million lenders
  • 3.1 million borrowers
  • 97% Repayment Rate
  • 82 countries

What is a micro-loan- generally defined as any loan for $20,000 or less. Since many banks are unwilling to provide smaller loan amounts, microloans are an excellent way for business owners to get access to small amounts of money. Microloan programs are open to all types of small business owners, whereas others focus on providing financing to specific kinds of entrepreneurs, such as those in low-income communities or countries and female entrepreneurs.

What is Kiva- A site that lets you loan small amounts of money from $50-$20 to a place and person of your choosing. People will state their reasons as to why they are asking for money and how much they want. Then you can donate and help them toward their goals.

Why you should donate- Kiva gives you the opportunity to help others get to their goals and better their own lives. Plus Kiva will make you feel great by helping others instead of focusing on yourself. This also helps raise your awareness for impoverished countries and peopleKivas crucial since only a few foundations will give out microloans never mind giving you access to help loans to these people in need in other countries.

Women and micro-loans-Its found that women invested their business profits in ways that would have a longer-lasting impact on their families and communities. Therefore, women have become fundamental to the success of the microfinance model as a poverty tool.”A study also found that women tend to make more positive improvements to their business after receiving a loan than men, and reinvest more of their earnings into their families.”-Diana Boncheva Gooley