CiviCRM now has a "Team" for microloans on Kiva
You've heard us talk about Giving Back and how it's a cornerstone of our company culture. You've heard us talk about Kiva. Now let's talk about what we have accomplished so far and the direction we are headed.
In addition to offering pro-bono software service support to many organizations, Cividesk has actively provided over 50 microloans for initiatives in underserved countries over the course of nearly three years using the Kiva platform. "We are very excited about what this enables. These microloans are a great way to give back to the community and offer people in other countries opportunities they might not have otherwise" says Nicolas Ganivet, co-founder and principal at Cividesk. For example, countries where there are no banks or the fact that money is typically not lent to poor people, there is no access to capital so opportunities are very limited. Kiva serves borrowers in these situations in more than 80 countries on 5 continents!
This principle of microloans and funding underserved countries directly aligns with the values of Cividesk and also those of CiviCRM. Inspired by this movement, CiviCRM has joined the initiative and created a "Team" on Kiva.org named "CiviCRM" and has 18 active loans so far! We would like to encourage CiviCRM members, partners, users and supporters to make loans with Kiva as well and assign them to the CiviCRM "Team" so that we can continue to promote CiviCRM and our shared values of making meaningful contributions to the world. Collectively, we can show the world that CiviCRM cares and together make a positive impact!
What is Kiva exactly?
Kiva is an international nonprofit, founded in 2005 and based in San Francisco, with a mission to connect people through lending to alleviate poverty. They celebrate and support people looking to create a better future for themselves, their families and their communities. By lending as little as $25 on Kiva, anyone can help a borrower start or grow a business, go to school, access clean energy or realize their potential. For some, it’s a matter of survival, for others it’s the fuel for a life-long ambition. (credit Kiva.org)
How does it work?
1. A borrower applies for a loan
2. The loan goes through an underwriter and approval process
3. The loan is posted to Kiva for lenders to support
4. Lenders crowdfund the loan in increments of $25 or more
5. Borrower repays the loan
6. Lenders use repayments to fund new loans!
This process can be an endless loop of doing good for others! Please join Cividesk and CiviCRM in making a difference and open your account today at Kiva.org. It only takes $25 to start your "endless loop" of support for others.