Kiva: You can fight poverty with just $1
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My presentation for my business writing class
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Kiva: You can fight poverty with just $1
- 1. You can fight poverty with just $1 by Tony Hue
- 2. Meet Pedro • Pedro needs a $825 loan to repair his car.
- 3. What if you didn't have access to a bank? • Financial services allow individuals to: • run their business • support their family • overcome poverty
- 4. The world's first person-to-person lending platform
- 5. Kiva's impact thus far • Raised $289 million in loans • Nearly 700,000 lenders • 61 countries • 98.91% repayment rate
- 6. Four key players Field Partner Borrower Lender Kiva
- 7. Step 1: Tony lends Pedro money to repair his car Pedro: "I need $825 to fix my car." Lender: "Here's $25! Hope you get your car fixed soon!"
- 8. Step 2: Kiva sends funds to Field Partner 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. Step 3: Pedro pays back Tony Pedro: "Here's your money back. I got my car fixed! Woot!" Lender: "I'm glad to hear that! It was worth every penny."
- 10. "How will my $1 help someone like Pedro?"
- 11. Microfinance works 1) Help low-income households meet basic needs
- 12. Microfinance work 2) Improved economic welfare and stability
- 13. Microfinance work 3) Increase women's economic participation, and thus promoting gender equality and well- being
- 14. What happened to Pedro? Donate your dollar to Pedro at http://www.kiva.org/lend/383112