More students can now help alleviate poverty


“In all past expeditions, we have struggled with how to involve more students than just the ones participating in the climbs,” says Narmin K. Ismail, co-founder of the Climb for Leaders. “We recently added a new component via www.Kiva.org: the ability to lend funds to help alleviate poverty, via the Internet, from a portion of the funds that students raise. This way, hundreds of students in the school can each lend funds to entrepreneurs based on geography, gender or other criteria, which greatly enhances their world view,” she adds. “Since the funds are loans and not donations, when the loans are repaid (98.5% of loans are repaid), funds can be loaned again, or loaned out by another student the next year, thus involving even more students.”

Kiva’s mission is to connect people, through lending, for the sake of alleviating poverty.

Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending.

Kiva was born of the following beliefs:

  • People are by nature generous, and will help others if given the opportunity to do so in a transparent, accountable way.
  • The poor are highly motivated and can be very successful when given an opportunity.
  • By connecting people we can create relationships beyond financial transactions, and build a global community expressing support and encouragement of one another.

Kiva promotes:

  • Dignity:   Kiva encourages partnership relationships as opposed to benefactor relationships. Partnership relationships are characterized by mutual dignity and respect.
  • Accountability:   Loans encourage more accountability than donations where repayment is not expected.
  • Transparency:   The Kiva website is an open platform where communication can flow freely around the world.

As of March 2010, Kiva has facilitated over $125 million in loans. To learn more about Kiva, please go to http://www.kiva.org/about/facts– scroll down to see some fun facts

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