Kiva: You can fight poverty with just $1

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Kiva: You can fight poverty with just $1

  1. 1. You can fight poverty with just $1 by Tony Hue
  2. 2. Meet Pedro •  Pedro needs a $825 loan to repair his car.
  3. 3. What if you didnt have access to abank?•  Financial services allow individuals to:•  run their business•  support their family•  overcome poverty
  4. 4. The worlds first person-to-person lending platform
  5. 5. Kivas impact thus far•  Raised $289 million in loans•  Nearly 700,000 lenders•  61 countries•  98.91% repayment rate
  6. 6. Four key players Field Partner Borrower Lender Kiva
  7. 7. Step 1: Tony lends Pedro money torepair his car Pedro: "I need $825 to fix my car." Lender: "Heres $25! Hope you get your car fixed soon!"
  8. 8. Step 2: Kiva sends funds to FieldPartner Kiva: "Here are the funds to cover the loan you made to Pedro!" Field Partner: "Thanks a million, Kiva! You guys are the best! <3 <3"
  9. 9. Step 3: Pedro pays back Tony Pedro: "Heres your money back. I got my car fixed! Woot!" Lender: "Im glad to hear that! It was worth every penny."
  10. 10. "How will my $1 help someone like Pedro?"
  11. 11. Microfinance works1) Help low-income households meet basicneeds
  12. 12. Microfinance work2) Improved economic welfare and stability
  13. 13. Microfinance work3) Increase womens economic participation,and thus promoting gender equality and well-being
  14. 14. What happened to Pedro?Donate your dollar to Pedro athttp://www.kiva.org/lend/383112

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