Kiva Payback

Eric • 26th Mar 2008 • Finance

Just got notification that my Kiva loan has paid back $102 of the original $150. I lent the money to Venta de Tortillas, a tortilla sales company, back in September and it’s scheduled to be repaid by June. Then I’ll take the $150 and loan it out again.

Kiva allows individuals to make $25 loans to low-income entrepreneurs in the developing world (microfinance). By doing so, individuals like you provide affordable working capital for the poor (money to buy a sewing machine, livestock, etc.), empowering them to earn their way out of poverty.