The situation of the world today isn’t a very good one for so many people. so many people are unbanked, underserved, and cannot access the financial services they need. companies like Kiva.org have come to bridge the gap and provide these people with the services they have been lacking.
Get a platform that can fund businesses and still give you as little as the stipend you need to satisfy your immediate and urgent needs. Kiva.org is this type of platform. now let u get a full understanding of the brand and what they do.
What is Kiva Loans
If you have been asking the question, what is Kiva? Here’s your answer. Kiva is an international non-profit organization that was founded in 2005 in San Francisco. the mission of this company is to expand financial access to help underserved communities thrive.
This is done by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying obstacles to financial access around the world. With Kiva, students can now pay for tuition, women can start businesses, farmers will be able to invest in equipment and families can afford the emergency care they need.
With Kiva, you can make a difference in someone’s life and business with as low as $25
How Does Kiva Work?
The Kiva platform is aimed at providing financial solutions to those people who may most likely not be able to get it. To access Kiva loans, you have to go through the following process;
- The borrowers apply for loans at the Kiva website, www.kiva.com. Details on how to apply for these loans will be given later in this article.
- The applied loans go through the verification and approval process
- The loan will then be posted to the Kiva website for the various lenders to support or contribute.
- After this, the crowdfunding process begins. Here, the lenders will contribute in increments of $25 or more.
- The loan is disbursed to the borrower
- The borrower pays back the loan after the stipulated period
- Lenders use the repayments to fund new loans, donate or withdraw the money.
Getting kiva.org loans is not a very difficult process; you can follow the steps below to do that.
How to Take a Loan from Kiva
The Kiva platform has been created to help the underprivileged to get good personal loans. the process for doing that is given below;
- Go to the major website kiva.org with any browser of your choice
- After that, click on borrow at the top bar of the home page that shows up.
- You will be redirected to another page, at this page, just click on get started
- After that, you will be required to fill up a short questionnaire with your personal information.
- The process automatically directs you to an account creation process. create your account by creating a password and filling out your profile
- After this, you can then fill out the application and submit it to kiva.
Taking a loan at kiva.org is a very easy process and you may get outstanding loan offers if you have kept a good credit record.
Who Can Get a Loan on Kiva?
Generally, the Kiva platform was created for people who are financially excluded, and thus may not be able to get fair and affordable sources of credit. presently, Kiva funds borrowers from more than 80 countries.
The Borrowers in Kiva cuts across different industries, including farmers artisans, students, shopkeepers, builders, and restaurant owners. The people who want to get loans from the platform will be vetted and verified by Kiva field partners and trustees.
How to Lend Money on the Kiva Platforms
if you want to support the borrowers from different parts of the world with the Kiva platform, follow the steps below.
- Go to the Kiva website, www.kiva.org with any type of browser you choose
- At the top left part of the home page, click on lend. a list of options will appear, revealing areas in which you can support people. Click on one of them.
- The next page will reveal the various merchants with the amount they need. you can fund them with $25 dollars at least by clicking on them
- clicking on check out and then continuing to create an account. input your payment information and donate.
supporting people with kiva is very easy and profitable as you will get interested in your contribution.
Remember that you automatically create an account when you want to borrow or lend money with the Kiva platform. If you already have an account, this is how to login to your account.
- Go to www.kiva.org with any browser of your choice
- At the top part of the home page, click on the sign in option that comes up.
- After that, a login page will appear where you will be required to fill in your login information (email and password)
- Then, click on Login.
Conclusively, if you want to get more information about the kiva platform, visit their main website, www.kiva.org.