Monday, October 11, 2010

Celebrate Kiva's 5th birthday

Photo Credit: Kiva

Kiva is celebrating its 5th birthday this month, and wants YOU to help the community grow.  For every current member who brings in 5 new members to make a Kiva loan in October, that member will receive an additional $25 to loan out on the site.

Kiva is a microlending site that encourages people to make small donations to projects around the world.  Kiva connects you with one of their researched microfinance institutions, Field Partners, that take care of the groundwork -- identifying the need, posting pictures and the request on the website, distributing the loan, collecting stories about the success of the project, and assessing lending risks.  These Field Partners do all the hard work, but Kiva advertises the lending opportunities to people like us, who can then read the information and choose which projects to loan money.  Click here for more information about how these loans work.

These small loans make a HUGE difference.  $165 million has already been loaned in 5 years from over 766,000 people.  207 countries are represented on the site with 82% of loans being made to women entrepreneurs.  The current repayment rate is an outstanding 98.91%!  Click here to see all the latest statistics.

"Kiva's mission is to connect people, through lending, for the sake of alleviating poverty. [...] By combining microfinance with the internet, Kiva is creating a global community of people connected through lending."  Read more.

A Whispered Wish is on its third loan out to Paraguay, Nigeria, and now Peru, and we have a 100% repayment rate so far!  Help make us even more successful by signing up and donating your change this October: Happy birthday Kiva! 5 for 5.  If you'd like a personal invitation from us, comment on this post for our direct link.

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