A family fishing business making college dreams a reality
3,609 views · Published 19 November 2017 · 1:37 · Indexed 22 September 2026
Channel: Kiva · 2017 · Nonprofits & Activism
Flordelisa is a hard working woman in the Philippines who puts her children above all. Before she took out her first Kiva loan, the family relied on her husband’s salary as a boatman. Now, Flordelisa owns 3 fishing boats and employs 5 people. Her ambition and grit allowed her to build a family fishing business and send her children to school. Kiva.org is the world’s first and largest crowdfunding platform for social good with a mission to connect people through lending to alleviate poverty. By lending as little as $25, anyone can help a borrower realize their potential. After more than 10 years, Kiva and its growing global community of 1.5 million lenders have crowdfunded over $1 billion in microloans to 2.6 million entrepreneurs in 85 countries, with a 97% repayment rate. For more information, follow @Kiva or go to www.kiva.org. We are incredibly thankful for the support that has enabled us to do the work that has touched the lives of so many people. http://www.kiva.org/lend https://www.facebook.com/kiva https://twitter.com/kiva Kiva has received a four-star rating from Charity Navigator, America's largest independent charity evaluator. Impact: At Kiva, we are constantly working to reach new countries and communities, with loans that better serve the needs of borrowers and their families. Kiva lenders crowdfund an average of $2.5 million in loans each week, creating a unique, renewable pool of funds that is reshaping access to financial services around the world. Finances: Kiva is a 501(c)(3) nonprofit, based in California, with a 4 out of 4 star rating from Charity Navigator. Sustainability, transparency and efficiency are at the core of our work, our mission and our financial model. 100% of your loans go to borrowers. Kiva never takes a fee from lenders, which means 100% of the funds you lend on Kiva go to supporting borrowers’ loans. We also do not charge any interest or fees to borrowers or our Field Partners working on the ground in more than 80 countries. Additional donations cover Kiva’s operating costs. Kiva covers operating costs primarily through the generosity of our lenders, who can choose to make donations in addition to loans. We cover more than two-thirds of our operating costs through these voluntary donations from Kiva lenders. The remainder of our costs are covered through grants and donations from foundations and supporters. This model of fundraising helps promote sustainability, by keeping our fundraising costs low and tapping into the power of the crowd to help cover our costs. Awarded for effectiveness and efficiency Kiva's staff and volunteers work hard to ensure every dollar donated to Kiva is used efficiently, and we’ve received recognition for our commitment.
More from this channel
-
3:11
Kiva Borrower: Emilio Caballero converts his taxi from Gasoline to Natural Gas (Bolivia)
-
1:38
CNBC: Kiva - making a difference one small loan at a time
-
2:54
President Clinton Announces Kiva City
-
4:44
Current TV: Kiva - Ebay for Do-Gooders.
-
1:54
Keen & Kiva: The Santiago Story
-
1:36
Working at Kiva is...
-
2:30
A Day in the Life of a Kiva Fellow
-
0:17
Kiva's 10-Second Tuesdays: Preschool in Vietnam