If you’re looking for a way to help people throughout the world which doesn’t break the bank, this is it.
Through Kiva, people like you and I are able to help others throughout the world, in places like Uganda, Peru, Bolivia or Indonesia, who can’t access tradition banking systems and give them the opportunity to improve the lives of themselves and their families.
Better still, you only have to contribute US$25 for each person you help, because heaps of people just like you contribute to each person.
Better still, these are loans, so the money comes back into your account, meaning you can reloan the same US$25 to another person. Or even take it back 🙂
To give you an idea, over the years we have, month by month, added small sums to our Kiva account (usually between $1 and $15). So far we’ve put in $451. But from that we’ve made $4,625 in loans to people in 58 countries.
The April repayments from our Kiva loans are in, so we can look again to lend our money out in US$25 lots to someone so they can make their life, and the lives of their family members, better. Usually I let the kids chose a loan but they’re all in bed now so this month I’ve chosen to help someone who helps make my kids safer every single day – a coffee grower in Honduras.
Here’s what Nora’s application had to say:
“Nora is 36 years old. She is married and the mother of 4 children, 3 of whom are in school. She is a housewife and a farmer who finished her primary education thanks to the moral and economic support of her parents. She and her husband struggle every day to get ahead and be able to offer her family a better future and better education, food, clothing, shoes, and medicine. Although there are a lot of limitations, she generates income through her coffee crops, and that is her only source of income.She dreams of seeing her children in a better future with better opportunities and better living conditions so they can get ahead with their own families and homes with everything they need to have better opportunities in life.”
Kiva works with microfinance institutions on five continents to provide loans to people without access to traditional banking systems. One hundred percent of your loan is sent to these microfinance institutions, which we call Field Partners, who administer the loans in the field.
If you’re interested in checking out this great organisation, and so far 219 readers of Big Family Little Income have joined in, click on the link below.