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Kiva Team FSM has raised $4 Million

Published October 5th, 2018 by Bobby Henderson

  

Congrats everyone — Team FSM has reached $4 Million in loans on the micro-lending site Kiva. We’re now the top-lending religious congregation on Kiva, above the Buddhists, Catholics, and Muslims.

  

What is Kiva? Kiva is a organization that lets us give small loans to people in the third world 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.

Nice work everyone! If you haven’t already, please join our team here.



15 Responses to “Kiva Team FSM has raised $4 Million”

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  6. Salma Otto says:

    Kiva itself, the non-benefit in California, additionally makes no enthusiasm off the credits. The borrowers do pay expenses and enthusiasm to the loaning bank in their own nation. The cash you credit as the Kiva moneylender serves to ensure the advance and makes the bank willing to deal with the advance to individuals who typically wouldn’t qualify.

  7. Maheen Khalid says:

    Kiva is doing great effort for the person who wants to start their business by providing them the financial help. Exactly, It is the best way of bringing economic growth to the poorest areas.

    Regards,
    Tour operator at https://www.travelo.pk/, Maheen Khalid

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