Microfinance and microcredit » kiva http://www.microfinanceinfo.com Principles of microfinance Sun, 18 Sep 2011 07:29:49 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Better late than ever, start lending today http://www.microfinanceinfo.com/better-late-than-ever-start-lending-today/ http://www.microfinanceinfo.com/better-late-than-ever-start-lending-today/#comments Tue, 02 Mar 2010 09:29:01 +0000 admin http://www.microfinanceinfo.com/?p=35 I´ve been talking earlier about Kiva.org as a channel between funds, microfinance institutions and entrepreneurs. And finally i´m also a proud lender, one hour ago i started with a small loan of $25 to a group working with animal sales in Uganda! It´s a big group of entrepreneurs that wants to expand their business in selling goats, i wish them luck and hopefully their complete loanrequest is raised soon.

]]> http://www.microfinanceinfo.com/better-late-than-ever-start-lending-today/feed/ 0 How you can get into microfinance with Kiva.org http://www.microfinanceinfo.com/how-you-can-get-into-microfinance-with-kivaorg/ http://www.microfinanceinfo.com/how-you-can-get-into-microfinance-with-kivaorg/#comments Wed, 06 Feb 2008 20:04:52 +0000 admin http://www.microfinanceinfo.com/how-you-can-get-into-microfinance-with-kivaorg/ Kiva.org connects you to specific business somewhere in the developing world where microfinance is needed. Kiva.org is listing all businesses who´s connected to a microfinance institution joining the Kiva program. By lending out as little as $25 to a business you can make huge impact and help them getting economic stable. Usually the loan is repaid between 6-12 months and you receive journals from the business you´re sponsoring.

A microfinance institution is called field partner by Kiva. To qualify for Kiva´s field partner program the microfinance institution (MFI) needs to:

  • serve at least 1000 active borrowers
  • be registered as a legal entity in the operating country
  • 1 year of financial audits
  • have a history of at least 2-3 years lending to people for the purpose of helping them out of poverty

As a social investor you earn 0% interest rate from Kiva. The lending platform Kiva lends out the money to prevailling interest rates.

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