Changing Lives with Kiva Donations in 2023: Make a Difference Today
Since December 2010, instead of sending our clients traditional Christmas cards, Bluecoat Wealth Management has sent electronic greetings cards and added 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 business 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 recieve updates on your loan and the person you have helped through emails and the Kiva website.
Ad the loan is repaid, the money becomes available in your Kiva account.
Once you have sufficient funds 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 449 loans, totalling $11,320 to people in Agriculture, Clothing, Further Education, Food, Manufacturing, Retail, Services and Transportation sectors in 76 countires around the world. In addition to which a further 46 loans have been made by clients who we have invited to help us on Kiva.
This Christmas, instead of burdening your local postman we have lent to and helped;
Santa Rosa Group, a retail group in paraguay, buy beverages to re-sell
Eka in Georgia, pursure a Masters Degree in Public Administration
Toudiane and hismfamily in Bondoukou, help light his home
Laura, a publish in Puerto Rico, grow her catalogue of Spanish Children's literature
Përparim in Albania, pay for his medical expenses
Analie in Phillippines, buy additional goods to sell in her store
Luka in Georgia, continue his education in engineering
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. We are also keen for our clients to become involved making lending decisions on our behalf, please do contact us in you are interested.
Wishing you all a very Merry Christmas and a successful 2024.
*Kiva is a Not-For-Profit Organisation rather than a UK registered charity. Lending to the working poor through Kiva involves risk of principle loss. Kiva does not guarantee repayment nor do they offer a finacnial return on your loan. Bluecoat Wealth Management regularly supports Kiva, although they are not connected with us.
