Kiva Friends – Best smiles,515.0.html

Wonderful smiles from lender photos on Kiva ( ). What is Kiva? “Kiva is a non-profit organization with a mission to connect people through loans for the sake of alleviating global poverty. Using the Internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help fund small businesses run by low-income entrepreneurs around the world.(…) Kiva allows microfinance institutions around the world to post profiles of qualified local entrepreneurs online. A lender can be any person with a credit card. A PayPal account is only required if one wishes to withdraw funds. (4) Lenders browse and choose an entrepreneur they wish to fund. Kiva aggregates loan capital from individual lenders and transfers it to microfinance partners, called “Field Partners”, to disburse and administer. As loan repayments are made by the entrepreneur, the Field Partners remits funds back to Kiva. Once the loan is fully repaid, Kiva lenders can withdraw their principal or re-loan it to another entrepreneur. PayPal does not collect a fee on Kiva transactions. Kiva distributes 100% of the loan to the entrepreneur. Lenders do not receive any interest or other profit. The Field Partner who administers the loan collects interest from the entrepreneur.” Source:,515.0.html

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