In 2011 we won an award for Best New Community Project. We enable people without access to traditional banks (including many women) to expand their businesses, educate their children, save for the future and raise themselves out of poverty. Through Kiva, a non-profit organisation working with microfinance institutions, you choose a borrower to support with a loan of just $5 via Kiva Zip or $25 via Kiva. Similar loans by other lenders are combined until the required total is reached. As your money is repaid (often in monthly instalments), you can withdraw it or lend it to someone else. Money that is loaned over and over again does more good than a one-time donation. Join 'Genealogists for Families' - together we are making a difference!

18 January 2014

Kiva Zip and The Big Bad Woof

Image from https://zip.kiva.org/loans/2588
Profile photo for 'Pennye: The Big Bad Woof'
Today I joined Kiva Zip.

For lenders, Kiva Zip works in much the same way as Kiva. We browse loan profiles and choose someone whom we want to support; and we get our money back as our borrowers repay. But with Kiva Zip, there are two key differences:
  1. Loans can be as small as $5 (compared to $25 for a normal Kiva loan).

  2. Lenders can exchange messages directly with borrowers via the 'Conversations' tab on any loan.
As always, be sure to read the fine print on Kiva Zip's Web site before deciding whether it is right for you.

As a dog lover, I chose to lend $5 to 'Pennye: The Big Bad Woof', a store that sells organic, holistic food for companion animals. They work with local farmers to purchase chicken frames, lamb bones etc, thus creating a market for leftovers that would otherwise be discarded.

Have you already used Kiva Zip? If so, what did you think of it?
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Have you read the updated version of 'Genealogy Social Events - an International Challenge'?

2 comments:

  1. I just signed up and made my first loan. I love the $5 mini-loan concept.

    ReplyDelete
    Replies
    1. Excellent! Yes, $5 mini-loans are a great idea. I often do one of those rather than waiting until I have an extra $25 (or $25 credit from repayments on previous loans) for a loan on the main Kiva site.

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