Help others help themselves with Kiva

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I have been writing about financial technology for over a decade and have been fortunate enough to meet dozens of people who have dedicated their lives to using technology to improve the lives of the world’s poorest people.

These brilliant minds merge their experience with a combination of mobile technology, the internet, satellites, artificial intelligence, and computer algorithms to find ways to help people become self-reliant.

In the poorest or most remote parts of the world, this can be a chore. So many things we take for granted in North America – like clean water, telecommunications, safe roads, banking, and even our health – are luxuries in parts of Africa, Asia, South America and even close to home. Yet these people work and, in many cases, make a big difference in many lives.

One of those organizations that has been helping people help themselves for over 10 years is Kiva (kiva.org), a San Francisco-based nonprofit. I met one of the Kiva executives once and kept in touch.

Kiva finances loans for the most basic needs of people. For as little as $ 25, you can support dozens of worthy causes that benefit people you can sympathize with on some level.

You can help a family send their children to school, start a business, or have access to clean water or heat. Filters allow you to help people in specific parts of the world, or those who need specific types of assistance, such as single parents or business people. Every penny loaned goes to the causes.

Discerning readers will notice the use of words such as “loan” and “borrow”. When you support someone on Kiva, they will reimburse you. It helps create self-sufficiency and helps your money go further. Kiva attracted 4.1 million borrowers and 1.9 million lenders who provided $ 1.66 billion in loans at a 96.3% repayment rate.

“We believe that lending alongside thousands of others is one of the most powerful and lasting ways to create economic and social good,” the Kiva website states.

By working with partners such as schools and microfinance institutions on the ground in these countries, Kiva searches for candidates, subscribes them and publishes them for supporters to fund. Many campaigns are backed by people and businesses who will match dollar-for-dollar support or even several dollars per dollar loaned. Money goes a long way.

In Rwanda, Eliel is seeking $ 1,000 for fabrics and two machines for his sewing shop, while in Panama, Edgar Arquel is asking for $ 2,100 for building materials, chickens and planting supplies. In Indonesia, children in Rumyati need a smartphone to continue their education because their school was closed during the pandemic. Go to Tajikistan and Zakir needs help with school supplies.

There is a quote that has been attributed to many from the Navajo Nation in Lao-Tzu but it is so true:

“Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him all his life.”

Tony Zerucha is Community Correspondent for East Kildonan. Email him at [email protected]

I have been writing about financial technology for over a decade and have been fortunate enough to meet dozens of people who have dedicated their lives to using technology to improve the lives of the world’s poorest people.

These brilliant minds merge their experience with a combination of mobile technology, the internet, satellites, artificial intelligence, and computer algorithms to find ways to help people become self-reliant.

In the poorest or most remote parts of the world, this can be a chore. So many things we take for granted in North America – like clean water, telecommunications, safe roads, banking, and even our health – are luxuries in parts of Africa, Asia, South America and even close to home. Yet these people work and in many cases make a big difference in many lives.

One such organization that has been helping people help themselves for over 10 years is Kiva (kiva.org), a nonprofit based in San Francisco. I met one of the Kiva executives once and kept in touch.

Kiva finances loans for the most basic needs of people. For as little as $ 25, you can support dozens of worthy causes that benefit people you can sympathize with on some level.

You can help a family send their children to school, start a business, or have access to clean water or heat. Filters allow you to help people in specific parts of the world, or those who need specific types of assistance, such as single parents or business people. Every penny loaned goes to the causes.

Discerning readers will notice the use of words such as “loan” and “borrow”. When you support someone on Kiva, they will reimburse you. It helps create self-sufficiency and helps your money go further. Kiva attracted 4.1 million borrowers and 1.9 million lenders who provided $ 1.66 billion in loans at a 96.3% repayment rate.

“We believe that lending alongside thousands of others is one of the most powerful and lasting ways to create economic and social good,” the Kiva website states.

By working with partners such as schools and microfinance institutions on the ground in these countries, Kiva searches for candidates, subscribes them and publishes them for supporters to fund. Many campaigns are backed by people and businesses who will match dollar-for-dollar support or even several dollars per dollar loaned. Money goes a long way.

In Rwanda, Eliel is looking for $ 1,000 for fabrics and two machines for his sewing shop, while in Panama, Edgar Arquel is asking for $ 2,100 for building materials, chickens and planting supplies. In Indonesia, children in Rumyati need a smartphone to continue their education because their school was closed during the pandemic. Go to Tajikistan and Zakir needs help with school supplies.

There is a quote that has been attributed to many of the Navajo Nation in Lao-Tzu but it is so true:

“Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him all his life.”

Tony Zerucha is Community Correspondent for East Kildonan. Email him at [email protected]

Tony zerucha

Tony zerucha
Community Correspondent – East Kildonan

Tony Zerucha is Community Correspondent for East Kildonan. Email him at [email protected]

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