Kiva Microfunds is a non-profit organization that allows people to lend money in developing countries via the internet to low income using local lending companies and organizations as intermediaries. Lenders can find the business and entrepreneur they want to lend to based on region, business type, risk level, etc. Kiva raises money from individual entrepreneurs and transfers it to Field partners which are local microfinance institutions in developing countries that find, track and manage entrepreneurs and then disburse and collect the microloans.
Each borrower has a page with details and they tell you why and what the loan is going to be used for. You can also see on that page the total amount raised from other lenders and the loan maturity (usually 6 to 12 months).
When loans have been repaid in full they are transferred back to Kiva and then to Kiva lenders via PayPal. Kiva pioneered the concept of allowing local field partners to post individual loan stories for funding by individuals over the Internet.
This is the kiva’s profile of the woman we want to help. We choose to help her because as student just like her, we felt concerned about it. Everybody should has his chance to study, and to make his dream come alive. Moreover, we felt moved by her situation : she studies by herself because she works in the morning and in afternoon in a private business in order to raise money. Then, she needs money not just for her, she also wants to help her famlily. Finally, we felt involved because she wants to study business, just like us, so we felt close to her. In a nutshell, we were affected by her generosity, and by her willigness to have a better future and to make her whishes come true.
Please, if you feel concerned and you want to do a little thing, go on our Facebook page we created to help her!