Since December 2010, instead of sending our clients traditional Christmas cards, we send electronic greetings cards and add the money saved to our Kiva account.
I first heard about Kiva at a philanthropy talk given by the Charities Aid Foundation who described Kiva as a new kind of Charitable Giving* or a new way for Philanthropists to use their money. Kiva enables individuals and companies to lend to people and small businesses in the Third World. This microfinance is used to help low-income individuals lift themselves out of poverty improving the lives of their family and boosting the community in which they live.
The Kiva model is very simple.
- You select an applicant to lend to on the Kiva website. These loans are made possible by Kiva Partners who vet, administer and disburse each loan.
- You receive updates on your loan and the person you have helped through emails and the Kiva website.
- As the loan is repaid, the money becomes available in your Kiva account.
- Once you have sufficient in your account, you can use it to fund another loan, donate it to Kiva, or withdraw it to spend on something else.
To date Bluecoat Wealth Management has made 38 loans to people in Agriculture, Clothing, Food, Manufacturing, Retail, Services and Transportation sectors in Africa, Asia, The Middle East and South America. This Christmas, instead of burdening your local postman we have lent to and helped;
- A cooperative of nine women in Indonesia who breed pigs
- A carpenter who is starting a butchers in Mongolia
- A farmer in Kenya who wants to buy a cow and three acres of land for a tea plantation
- A furniture maker in Mongolia to buy a delivery van
- A group of farmers in Uganda producing beans, maize and millet.
- A cooperative in Tanzania that produces and sells shoes
- A lady in Ecuador buying stock for her grocery store
If you would like to help us alleviate poverty by making loans as small as $25, join our lending team so that we can work together to expand opportunity for borrowers worldwide. Click here http://bit.ly/VLmSOc
Wishing you all a very Merry Christmas and successful 2013.
*Kiva is a Not-For-Profit Organisation rather than a UK registered Charity. Lending to the working poor through Kiva involves risk of principal loss. Kiva does not guarantee repayment nor do they offer a financial return on your loan.