• Robin Clarke

Bluecoat's support of Kiva

Bluecoat Wealth Management is helping poor, but entrepreneurial, people across the World improve their lives by lending money to them for business development purposes through an organisation called Kiva.

Kiva’s mission is to connect people, through lending, for the sake of alleviating poverty.

Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending.

Kiva was born of the following beliefs:

  • People are by nature generous, and will help others if given the opportunity to do so in a transparent, accountable way.

  • The poor are highly motivated and can be very successful when given an opportunity.

  • By connecting people we can create relationships beyond financial transactions, and build a global community expressing support and encouragement of one another.

Kiva promotes:

  • Dignity: Kiva encourages partnership relationships as opposed to benefactor relationships. Partnership relationships are characterized by mutual dignity and respect.

  • Accountability: Loans encourage more accountability than donations where repayment is not expected.

  • Transparency: The Kiva website is an open platform where communication can flow freely around the world.

As of November 2010, Kiva has facilitated over $175 million in loans.

Bluecoat Wealth Management believes that Kiva’s values are closely aligned to its own and is encouraging clients and suppliers to join us in making a difference by joining our community on Kiva.

So far we have lent money to the following people;

Namuganza Joy in Uganda to help expand her welding business.

Myagmardorj Lhamhuu in Mongolia, to expand and set up a vacuum window-producing business.

Erick Bett, in Kenya, to purchase and insure a dairy cow.

Phon Sarin, in Cambodia, to buy a boat, as well as buying more fishing gear.

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Bluecoat Wealth Management is an appointed representative of Best Practice IFA Group, which is authorised and regulated by the Financial Conduct Authority (FCA), FCA no. 223112. Registered Office: 11 Lady Bee Enterprise Centre, Albion Street, Southwick BN42 4BW. Registered in England and Wales no. 6828686. The Financial Ombudsman Service (FOS) is available to sort out individual complaints that financial services businesses and their clients are unable to resolve. To contact FOS please visit www.financial-ombudsman.org.uk