!! Disclaimer : Loud music after 30 sec. !!
For those who only believe in what they see… This video is showing what happens when 620,000 lenders fund 615,000 entrepreneurs, students, and other microfinance borrowers around the world.
As a reminder, Online microfinance is part of the broader trend of peer-to-peer lending. Loans are made with a strong social interest from funders (mostly in developped countries) to entrepreneurs (mostly in emerging countries).
There are several types of p2p lending platforms :
• Lending platforms with a social objective that provide funding for projects
supported by MFIs (microfinance institutions) without financial remuneration,
• Platforms for transactions between family members who provide assistance through private
• Lending platforms with a financial objective, which allow individual investors to make
interest-bearing loans to other individuals.
Kiva.org is the first web platform to acquire strong presence around the world. It is a non-profit organization with a mission to connect people through lending to alleviate poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help create opportunity around the world.
Please find below a video on how it works :