Kiva – My Favourite Non-Profit Organization
Would you like to make a difference for people in third world countries, but are unsure how to do it? Or maybe you feel like you can’t afford it, or you aren’t sure it really makes a difference?
My solution has been Kiva, which is my favourite non-profit organization. Through Kiva you can make loans to entrepreneurs in third world countries. I’ve supported their work for almost 2 years now, and I only have good things to say about them. You can check out my Lending Page. Even better, an anonymous donor has sponsored a free trials program, so you can sign up and make your first loan for free.
So what is Kiva?
According to their website, 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.
- 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.
Kiva versus Standard Non-Profits
How Does Kiva Work?
- Kiva partners with a microfinance institution (field partners).
- Field partners disburse loans and upload stories.
- Lenders browse profiles and lend.
- Entrepreneurs repay their loans.
- Kiva provides repayments to lenders.