Making a positive impact in the world is easy. All it takes is Kiva and $25.
What are micro loans?
If you aren't familiar with micro loans (and especially if you are!), this blog post is an invitation to do good this year for only $25 a month. $25 gives you the chance to support women in developing countries found their businesses and make more money using Kiva.
- If you're familiar with micro loans and want to join me, no need to read further: Instead, lend $25 now and join my Creatives for Social Good Kiva team.
The $25 micro loan goes towards the development and investment of these women's businesses.
It is not charity: it is a promise for a brighter future.
Why are loans important?
Women tend to invest their profits back into their family whereas men tend to spend the money they make on themselves (women, alcohol, etc):
“When a destitute mother starts earning an income, her dreams of success invariably center around her children. A woman's second priority is the household. She wants to buy utensils, build a stronger roof, or find a bed for herself and her family. A man has an entirely different set of priorities. When a destitute father earns extra income, he focuses more attention on himself. Thus money entering a household through a woman brings more benefits to the family as a whole.” ― Muhammad Yunus
A brief history of microfinance
If you don't know much about Kiva, it's a non-profit organization which specializes in microloans. Microfinance was an idea first founded by Muhammad Yunus with the belief that women in poverty are not there by illiteracy or lack of motivation, but because of the lack of economic resources available to them. By providing them with small loans, he realized just how powerful microloans could be:
The average loan amount on Kiva is $25.
$25 is a small amount to most of us in developed countries, but for the women living in developing countries, $25 can make a massive difference in their lives. The more people who give, the more these women and men can build businesses, stronger families, and resilient communities.
Micro loans are what's needed to create a world with less poverty.
The cool thing about Kiva is that the loans are typically paid back. So, it's not your typical charity where your money is donated and never seen again with no tangible outcome. No, your money is put to work and you can literally connect with the individual which you've chosen to support.
Kiva makes it easy to give with purpose and with a return on your money. You can literally watch your money go to work and recycle it back into the Kiva community. Once loans start getting paid back, you can withdraw the money or continue investing. It's up to you.
1 year of Kiva loans
I've used Kiva for the last 4 years to contribute to the betterment of women and children's lives around the world and I love everything about it.
My personal goal this year is to give a $25 loan every month to a different woman through Kiva. I will continue to update this blog post with the women I've supported and I hope that you'll join me, too. You don't have to support a group or individual every month as I am, but you're certainly welcome to.
Either way, I hope you'll consider lending $25 this month anyway.
2016 Kiva recipients
January: Tierra Caliente Ii Group, GUATEMALA.
February: Nahla, LEBANON.
March: Aleyda, EL SALVADOR.
April: Jaidis, COLOMBIA.
MAY: CELINA, EL SALVADOR.
JUNE: nonyang group, laos.
JULY: Palmis Eneji S.a, haiti.
Choose to do good this year. If you decide to lend on Kiva, leave a comment below so we can consider lending to your recipient as well.