02 August 2011

My investment in the beauty industry: person to person lending with Kiva


Yesenia is 27 and, like most of us, she's mad about her makeup. It probably means more to her than it does to you or me, because it's how she earns her living and provides for her two young kids. For more than 5 years now she has been selling cosmetics to her neighbours, friends and family in Nicaragua. And thanks to Kiva, I was able to help Yesenia buy enough lipstick, nail polish, perfume and creams to fulfill her most recent orders.

Kiva is a non-profit organisation that set up in 2005, with a mission to connect people through lending to alleviate poverty. Through the internet and a global network of microfinance institutions, Kiva allows individuals to lend as little as $25 to help create opportunity around the world. All loans on Kiva are deserving of funding. You pick the one that speaks the most to you.

Yesenia's is the fifth loan I've made through Kiva since I was given a subscription in March 2010, as a birthday present from my friend Chris. My loan recipients have all been female entrepreneurs, from Nigeria, the Philippines, Samoa and Nicaragua. When one loan is repaid, I select another borrower and invest again. I like contributing this way: it feels personal and it's clear that your money is making an impact.

If all that sounds good, then this will sound even better: today, Kiva is giving out FREE $25 trials. For the first time ever, they are giving new lenders the chance to make a real Kiva loan, at no cost to them.

This is an amazing opportunity to make a real difference. There are 4,000 free trials on offer - claim one for yourself here.

10 comments:

Sara K said...

I'm not sure I fully understand what Kiva does, but i'm off to Google and find out more! Thanks for the signposting.

July Girl said...

Brilliant idea

joanne hegarty said...

I must go and read more about this organisation. Sounds like a really good idea. Joanne

fluff and fripperies said...

Thanks all, it's a great idea and a brilliant way to help entrepreneurs from around the globe. I hope you look into it and decide to get involved, whether through the free trial or by investing your own money. Loans start from as little as $25. And no, I am not on commission from Kiva :)

Karen said...

This is a great idea, am gonna go and read some more about it now :)

car loans said...

This is a great idea indeed. The process of lending money for business purposes may be tedious but it may be rewarding once the business has been established.

buy here pay here car lots said...

I previously borrowed money from my bank for the purpose of putting up a small business. It was quite hard at first since they needed supporting documents to release the loan. I was happy because it got approved. I started an online business last year and I am happy with the results it's giving me. Borrowing money can indeed be very rewarding only if you know how to use it.

Financial advisor perth said...

Being able to join a non-profit organization which provides loaning is kind of a challenge since they cater the less fortunate. But since financial planners are present to determine whether or not they should lend certain amount of people in certain lifestyles. Also, they would have to make sure if these loans are being cared for by the people who borrowed it.

Financial advisor perth said...

Being able to join a non-profit organization which provides loaning is kind of a challenge since they cater the less fortunate. But since financial planners are present to determine whether or not they should lend certain amount of people in certain lifestyles. Also, they would have to make sure if these loans are being cared for by the people who borrowed it.

collection agency seattle said...

This kind of loan will be very helpful to secure yourself a funding to jump-start your business. Kiva had a brilliant idea on this one.