Pay it Forward

Pay It Forward Program for January 2015

Comments Off on Pay It Forward Program for January 2015 22 November 2014

January marks the launch of The ONE NETWORK’s PAY IT FORWARD program and we are very pleased to have discovered such a beautiful project to support.

About Kiva:
We are a non-profit organization with a mission to connect people through lending to alleviate poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help create opportunity around the world. Learn more about how it works.

Statistics
Latest Statistics
Total amount lent through Kiva: $636,963,950
Kiva Users: 1,844,475
Kiva Users who have funded a loan: 1,234,074
Borrowers funded through Kiva: 1,470,945
Number of loans made through Kiva: 801,314
Kiva Field Partners: 287
Countries where Kiva Field Partners are located: 83
Repayment rate: 98.81%
Average loan size: $418.55
Average loans made per Kiva lender: 10.47

Why we do what we do:

We envision a world where all people – even in the most remote areas of the globe – hold the power to create opportunity for themselves and others.

We believe providing safe, affordable access to capital to those in need helps people create better lives for themselves and their families.

How we do it:

Making a loan on Kiva is so simple that you may not realize how much work goes on behind the scenes.

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.

Kiva relies on a world wide network of over 450 volunteers who work with our Field Partners, edit and translate borrower stories, and ensure the smooth operation of countless other Kiva programs.

How we’re funded:

100% of every dollar you lend on Kiva goes directly towards funding loans; Kiva does not take a cut. Furthermore, Kiva does not charge interest to our Field Partners, who administer the loans.

Kiva is primarily funded through the support of lenders making optional donations. We also raise funds through grants, corporate sponsors, and foundations.

We are incredibly thankful for the support that has enabled us to do the work that has touched the lives of so many people.

Please see Kiva’s website to learn more about their loan programs and how you can help

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