- Advances business endeavors of low-income entrepreneurs
- Connect with people worldwide
- More than $177 million in microloans
About This Deal
Growth and change are vital worldwide, from governments finally loosening sanctions on laughter emissions to the insecure caterpillar's advancement to chief executive flutterby. Foster Earth's collective prosperity with today's deal: For $15, you get a $25 Kiva Credit, good toward funding microlending projects on Kiva.org. [All proceeds remaining from the card's discount will be funded by Groupon and supporting sponsors, up to $500,000].
With an eye toward alleviating poverty, Kiva empowers people to distribute microloans to highly motivated, low-income entrepreneurs in the developing world and beyond to cultivate a universal community of humans connected through lending. Kiva harbors a deep network of trusted microfinance institutions, or field partners, and the streamlined loaning process allows generous funders to connect with eager businesspersons to enact transparent, accountable partnerships based on a mutual dignity and respect usually found only in figure-skate-offs. Once equipped with your Kiva Credit, you're free to spin Kiva's e-globe and explore the life stories and entrepreneurial endeavors of individuals around the world. Choose a deserving impresario, and your $25 floater will drift assuredly through a field partner institution's oft-dusted hoverducts before arriving in the hands of your chosen entrepreneur to aid in their prosperous pursuits. Entrepreneurs will repay their loans over time, with Kiva returning the repayments to the lenders, who are free to then re-lend the funds, donate the funds to Kiva to assist with operational costs, or withdraw your portion of the funds via PayPal and stuff them back into the dog's bed. Recent Kiva-assisted entrepreneurs have included a single mother in Mongolia looking to purchase new equipment for her retail-food business and a metal-shop owner in El Salvador seeking to obtain materials and tools for his business.
Since its inception six years ago, Kiva's community has combined to provide more than $177 million in microloans to more than 465,000 industrious individuals on five continents. The active, dedicated community of users and the rigorous review process of each field partner buoys the personal bonds and the palpable sense of trust in an ocean of effective entrepreneurialism. To learn more about how Kiva works, click here.
Need To Know
Founded in 2005, Kiva is an international nonprofit with a mission to expand financial access to help underserved communities thrive. Combined with the power of technology, Kiva has enabled $1.4 billion in risk tolerant capital to support over 3 million borrowers in 80+ countries with a 97% repayment rate. It does this by crowdfunding loans and unlocking capital for underserved small businesses and entrepreneurs, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world.
In the United States, Kiva aims to reduce the cost of small and microloans, most often needed by financially excluded communities. Kiva US partners with local government, community development, and philanthropy stakeholders to advance financial inclusion and bring capital to fuel small businesses across the country. Since 2011, more than $39M has been lent to over 6,200 borrowers in 47 states with the help of 200 Trustees, 30 markets served by Hubs, and 200,000+ lenders for Kiva’s U.S. Program.
To learn more about how Kiva.org is supporting small businesses and entrepreneurs, please visit their site: https://www.kiva.org.