Earth Day 2018
418 views · Published 20 April 2018 · 0:36 · Indexed 22 September 2026
Channel: Kiva · 2018 · Nonprofits & Activism
Learn more at www.kiva.org/earth Help people around the world access clean energy and clean water, or promote recycling and repurposing materials. At Kiva, our mission is to connect people through lending to alleviate poverty, and this mission extends beyond just financial poverty. We aim to help increase access to basic services as well, from clean water and sanitation, to getting sustainable energy in homes. Green loans on Kiva help borrowers switch to environmentally friendly products that reduce pollution, promote sustainable practices and help families succeed. Not only do green loans help the environment, they also create opportunities for people to invest in their future. With green loans, borrowers can access eco-friendly technology and are able to improve their businesses and livelihoods. The positive impact continues as their communities also receive environmental benefits, such as clean rivers from waste reduction. On the other side, lenders love the high potential of impact with green loans. As Kiva’s President, Premal Shah, explains, “the benefits for borrowers are less energy consumption, more savings and improvements in health and well-being.” To date, the Kiva community has funded over $18 million in green loans and that number keeps on growing! 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 1.6 million lenders have crowdfunded nearly $950 million 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 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.
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