Kiva Archives - Thirdeyemom

The older I get and the further I travel, the more I realize how fortunate I am to have been born to a family who believes strongly in education and has afforded me with many opportunities to follow my dreams. Growing up, I never had to worry about what to eat each day, whether or not my water was safe to drink, or if my family would be forced to run from war, strife or conflict. I have been blessed and am fully aware of it which is why I have dedicated a big part of my life to giving back by either volunteering, donating money or my time as a writer for social justice causes.

With the tremendous need and upheaval in the world today, it is easy to become overwhelmed and complacent. Trust me, I have had to put the newspaper aside many times and I relish the moments when I can escape from all the bad news. Yet, it doesn’t mean that there is nothing good in the world or nothing you can do to help. There is indeed a lot of good happening every single moment of the day. The news just doesn’t cover it always as unfortunately the bad news is the news that sells. Therefore, I will continue to share some of the amazingly good and beautiful things happening out there in the world today on my blog and how you can personally make a difference.

“Dreams are universal, opportunity is not” – Kiva

Over the past several years, we have all heard many harrowing stories about the refugee crisis. If you are like me, I read the stories with a heavy heart, often feeling completely helpless on what on earth I can do to help change such a massive problem. Despite the fact that more people have been forced to flee their homes by conflict and crisis than any time since World War II, there is hope that refugees can rebuild and change their lives and there are organizations out there that are making a difference.

Kiva, the world’s largest crowdfunding organization, is doing just that by offering micro loans to refugees, something often perceived too risky due to their undocumented credit history and unstable livelihood. The good news is that Kiva’s newly released World Refugee Fund Impact Report has shown excellent results. Kiva found that loans to refugees have a repayment rate of 96.6%, right on par with 96.8% for all non-refugee loans during that same period. Through the help of Kiva, refugees who are financially excluded now have the opportunity to get a small loan, and these loans can make an enormous difference on their lives.

As a strong supporter and lender to Kiva, I was immediately intrigued by this exciting news and had the opportunity to interview Jessica Hansen, Global Engagement Manager at Kiva to share more about Kiva’s mission and how they are making a difference in the lives of people around the world. Here is what she has to say.

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Photos above: Samira came to Lebanon in 2010. Her Lebanese neighbor Soaud encouraged her to take out a small loan from Kiva so that they could start a business reselling wedding dresses, and in turn, Samira could supplement her hairdressing business. Samira doubled her income with this money, and now calls Soaud – her business partner – “more than a sister.” Photo credit: Brandon Smith for Kiva

I learned about Kiva years ago after reading the life-changing book “Half the Sky: Turning Oppression into Opportunity for Women Worldwide” by Nicholas Kristof and Sheryl WuDunn. This book could not have been more timely in my life as after reading it, I immediately began investing in women at Kiva and also using my voice as a blogger and social good advocate to help improve the lives of women and girls.

Kiva is an international nonprofit founded in 2005 and based in San Francisco, with a mission to connect people through lending to alleviate poverty. What I love about Kiva is the brilliant concept of using small micro loans to empower people in the developing world to lift themselves and their families out of poverty. These are normally people who do not have access to traditional bank accounts and Kiva’s micro loans provide the missing link that they need to succeed. Kiva’s loans not only improve but change thousands of lives and what a greater gift than providing opportunity and empowerment, especially to women.

In honor of International Women’s Day this Wednesday, March 8th, Kiva has launched an exciting campaign called “Be Bold for Change, Invest in Her”. The ambitious goal is to crowd fund $3 million in loads for thousands of women from March 1-8. Kiva is offering 10,000 new visitors the chance to lend the equivalent of $25 on Kiva for free as part of the campaign. You can choose which woman you want to support – a woman starting or growing a business, going to school, accessing clean energy or investing in her community.

Individual loans of $25 are collected until that woman’s loan request is fully “crowdfunded.” It doesn’t cost new visitors a thing and they can be part of achieving the campaign’s overall $3 million goal alongside Kiva’s 1.6 million individual lenders. Furthermore, 100% of every dollar you lend on Kiva goes to funding loans. Kiva covers costs primarily through optional donations, as well as through support from grants and sponsors.

Thirdeyemom

Traveling the World and Doing Good

Tag: Kiva