Kiva.org, the Internet’s answer to helping poor people make a better life for themselves, made two significant moves yesterday. If you don’t know about Kiva – check out this previous post on how it helps change lives.
1. Loan repayment system faster and better
Kiva will now return repayments to lenders as soon as those repayments are received by Kiva. Because of this change, you’ll be able to re-lend funds right away instead of waiting until the end of the loan term.
This is a huge deal because this liquidity allows lenders to help more people at a faster rate than before.
2. Join a group – make a difference as a team
One of the most powerful things about Kiva is the community of lenders. You now have the option to connect with other lenders.
Members of Kiva Lending Teams continue lending as individuals, but they have the option to count each loan they make towards the overall impact of one of their teams.
Band together and raise your team’s profile within Kiva and build a stronger connection between members. Whether you’re part of a society, club, company, forum or just part of a local community, banding together for this common good brings us all closer together.
If you’re Malaysian, you can join the ‘Malaysia’ group that I’ve just set up and help raise Malaysia’s profile within Kiva.
If you’re not Malaysian, search for like-minded people or people in your area who are active in Kiva. You can even start your own group!
Make a difference today!
ps. This blog is an ongoing supporter of Kiva with contributions going to poor entrepreneurs in need every month.