Kiva is a not-for-profit organization that provides lending capabilities for various people around the world. Users are able to read detailed information about those who need to borrow money and this application enables the lenders to make an investment while also feeling good about their actions. By helping people achieve various goals including alleviating poverty, providing opportunity for entrepreneurship and many more useful applications, lenders are able to contribute to their communities and the world at large. The Kiva application is a micro lending website and small amounts of money can be borrowed including amounts that are seemingly as little as $25. Payment schedules can be set up where borrowers can repay their loans.Show more screenshots »
Founded in 2005, Kiva.org connects people together with the goal of improving lives and eliminating poverty. People from developing countries and other parts of the world where money is required for various enterprising endeavours can use the Kiva website to find loans. Interest payments are not available because the application and organization is not registered as a loan broker. Donor still receive their contributions back from those who borrow the money.
This website is carefully designed and provides lenders with the opportunity to view information about those who require funds for various purposes. Interest is not part of the transaction and this differentiates the application and website from other loan applications.
Those lending money or looking to lend money are able to daily navigate to the appropriate sections of the application. Uers who are looking to find someone to lend money to can search by specific areas or spend time looking at all of the various requests of money. The website looks friendly and interesting. Users can see where the money is going and what it is being used for.
Users who want to lend money or borrow money need to create a user account. It is easy to create an account and it can be created in a few minutes Users are required to provide their name, email address and choose a password. Users may choose to display their names or remain hidden. There are also optional information which can be provided if the user chooses to.
Users do not pay to register on the website. The only money that is provided is the money that is lent. Usually, the money is returned and the website states that only a small amount of loans are not repaid.
Kiva is great for those who need money for various reasons and others who are willing to lend money. By lending money, users do not make profits but are able to make a difference in another person's life. The money can improve a person's business or their life. Hence, Kiva.org can be consider to be a charity organization that makes a difference and empowers people around the world. Those who want to participate in this community will appreciate the application.