Today is named Boxing Day because the tradition of giving gifts of cash, food, clothing and other goods to the less fortunate were placed into boxes for easier transportation. The goods were distributed based on the family needs and their services to the giver. Where is your box? Maybe you want to be a loaner and help out an entrepreneur in a 3rd world country?
Happy Boxing Day!
Today I want to introduce you guys to a video I found which give us a look at Kiva in the field. I think it’s a great success story to hear, and it represents the heart of Your Success Club =)
If you can afford to loan $25 to change someones life, come join Your Success Club’s Kiva lending team here at:
Kiva is a non-profit organization with a mission to connect people through loans for the sake of alleviating global poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help fund small businesses run by low-income entrepreneurs around the world.
Loans made on Kiva.org provide 0% interest to lenders. Kiva itself charges no interest from the borrower. Borrowers are charged some interest by the respective microfinance institution handling the individual loan. Kiva.org keeps track of how much interest is charged and will not work with those charging unfair or exorbitant interest rates. Kiva borrowers have a historical repayment rate of 100%. Kiva is working with regulators to allow microfinance institutions to offer variable interest rates to lenders.
- www.Kivapedia.org
If you haven’t heard of Kiva before, here’s a great interview with Premal Shah, president of Kiva, on Aljazeera.
My brother introduced me to Kiva when he celebrated the fact that he received his first loan back. And now that I’ve finally gotten around to signing up and ready to give out some loans, it seems that the world of Kiva currently has more lenders than available loans!
I’m going to have to keep checking back to see when new loans come in in the mean time. If you want to make a difference to someone else’s life, come join our team and start micro-lending to those who need it most =)