SearchRecent entries |
KivaShort description: How Kiva WorksChoose an Entrepreneur, Lend, Get RepaidThe below diagram shows briefly how money gets from you to a developing-world entrepreneur, and back. 1) Lenders like you browse profiles of entrepreneurs in need, and choose someone to lend to. When they lend, using PayPal or their credit cards, Kiva collects the funds and then passes them along to one of our microfinance partners worldwide. 2) Kiva's microfinance partners distribute the loan funds to the selected entrepreneur. Often, our partners also provide training and other assistance to maximize the entrepreneur's chances of success. 3) Over time, the entrepreneur repays their loan. Repayment and other updates are posted on Kiva and emailed to lenders who wish to receive them. 4) When lenders get their money back, they can re-lend to someone else in need, donate their funds to Kiva (to cover operational expenses), or withdraw their funds. By fredericbaud at 2007-08-09 12:11 | P2PLending | P2PVenture | Microfinance | English | Company site | login or register to post comments | flag this | 52611 reads | 1 point
|
User loginNavigation |
Recent comments
16 years 26 weeks ago
16 years 26 weeks ago
16 years 45 weeks ago
16 years 48 weeks ago
16 years 50 weeks ago
17 years 6 days ago
17 years 2 weeks ago
17 years 8 weeks ago
17 years 10 weeks ago
17 years 10 weeks ago