Kiva is a website that provides loans to entrepreneurs in developing nations. Anyone can give these people loans, and they make a huge difference for these people and their economy. Some people ask “why should i loan money to these people in developing nations when i can put it in the bank where it is safe and even make interest?”
When you put your money in the bank or even invest it in “safe” federal bonds, you are recieving miniscule and even decimal amounts of return for your investment. you wont “make” any money if you loan it to an entrepreneur on Kiva, but you will be making a big difference to them. A woman named Rose Atheino said “Today I’m a very respected women in the community. I have come out of the crowd of women who are looked down upon. Due to the loan that I received… you have made me to be a champion out of nobody.” your loan makes a big difference in the life of someone who needs the money.
Kiva is not the answer for developing nations to get out of poverty, but by funding individual entrepreneurs, anyone can help make a difference in the lives of these people trying to get thier small business’ runnining. Kiva- Loans that change lives.
One Response to “Kiva: Developing Nation Support”
I was telling one of my friends about Kiva and when I told her their mission was to provide micro-loans to entrpreneurs in impoverished countries, she responded with, “Wait. So you don’t get any interest on your investment?” and I feel like she has a very common response. Especially for college students. We know what it’s like to be broke college students and treasure every dollar we come across. I think we’ve even more adverse to the idea of lending without any interest when we’re in business classes that talk about returns on investments, risk management, and making your money multiply. As a Christian, though, we need to remember that it’s not all about the biggest investments we might recieve here on this earth. There are heavenly rewards we can invest in that pay far bigger interest payments that a bank could ever offer.