Kiva - Fight Poverty with Just $1

Kiva is a microfinance organization supporting entrepreneurs in developing countries. Donate your dollar to help someone jump start or run their business.

Transcript

1. You can fight poverty with just $1 by Tony Hue
2. Meet Pedro • Pedro needs a $825 loan to repair his car.
3. What if you didn't have access to a bank? • Financial services allow individuals to: •  run their business •  support their family •  overcome poverty
4. The world's first person-to-person lending platform
5. Kiva's impact thus far •  Raised $289 million in loans •  Nearly 700,000 lenders •  61 countries •  98.91% repayment rate
6. Four key players Field Partner Borrower Lender Kiva
7. Step 1: Tony lends Pedro money to repair his car Pedro: "I need $825 to fix my car." Lender: "Here's $25! Hope you get your car fixed soon!"
8. Step 2: Kiva sends funds to Field Partner Kiva: "Here are the funds to cover the loan you made to Pedro!" Field Partner: "Thanks a million, Kiva! You guys are the best! <3 <3"
9. Step 3: Pedro pays back Tony Pedro: "Here's your money back. I got my car fixed! Woot!" Lender: "I'm glad to hear that! It was worth every penny."
10. "How will my $1 help someone like Pedro?"
11. Microfinance works 1) Help low-income households meet basic needs
12. Microfinance works 2) Improved economic welfare and stability
13. Microfinance works 3) Increase women's economic participation, and thus promoting gender equality and well- being
14. What happened to Pedro? Donate your dollar to Pedro at http://www.kiva.org/lend/383112