Team FSM has reached $2 Million in loans on the micro-lending site Kiva. We’re now the top-lending religious congregation on Kiva, above the Buddhists, Catholics, Muslims, and — especially pleasing to me – above the Mormons, who we’ve been in a friendly competition with for years. Congratulations everyone!
What is Kiva? Kiva is a platform where you can make small loans to people in poor areas that need help starting small business. We make small, interest-free loans towards the projects we support, and Kiva combines them to fund the loan to the person who wants to build a small workshop, farm, restaurant, fruit stand, etc. These are interest-fee loans in places like Cambodia, Peru, Uganda — places where traditional bank lending to the poor is unavailable (or predatory). Kiva ensures that the loans are paid out and that the money is paid back. A lot of us feel this is the best way of bringing economic growth to the poorest areas.
I’ve had a good experience with Kiva and I encourage anyone interested to check it out. And please join our amazing team and help us continue to trounce the mainstream religion teams.