Kiva Extra Credit

      Kiva.org is a website where you can loan $25 to a person or business in need. "Loans that change lives" is their slogan showing that by lending just $25 you can make a difference in someone's life. Kiva has been awarded charity navigators highest rating, showing they are a helpful and trustworthy charity. After lending $25 to a person or group they have a specific amount of time to pay you back. There is 98.42% your payment will be refunded at the right date. This way you don't lose money, or you can lend it out to another cause. Just this week there have been 8,562 borrowers funded. 100% of your loans go straight to the borrowers. Kiva does not take a part of it. The loaners are from 83 different countries in the world. And for those countries there are 1,346,136 lenders.

       On Kiva.org I found, Juan Carlos. He is a farmer, and he and his family live in El Salvador. He has owned his own business for 10 years, growing and selling corns and beans. He is asking for a loan of $1,025 for agricultural supplies, such as, fertilizer, herbicides, and improved basic grain seeds. He is currently 0% funded but is a worthy cause of the money. El Salvador's total income is $7,500 which is very little. Thus showing why Juan needs a loan. Living there is hard to hold up business.

         The next borrower I found was Anzhela from Armenia. She has one day left to fill her request of $2,900. This lone will help her to buy 400 chickens, food for feeding the livestock, and for transportation costs. She hopes to start agribusiness and receive more income for her family. This is Anzhela's second loan and it is 20% funded. She has a bad credit history because during her first loan she had financial hardships and couldn't refund the loan. Now she is able to repay the loaners and had been approved by Kiva. Armenia has only $6,300 total income. This shows that Anzhela lives in a poorer area and doesn't receive much money thus needing the loans.

      People should loan money to people on Kiva. It only costs you $25 to help make a difference in someone's live. You most likely won't even lose money because of the high percent of repayments. Kiva's slogan "Loans that change lives" is true. Each time a loan is filled people or groups can rebuild or create a business, or just help themselves survive. It won't take you much time and doesn't cost much. Go and help those in need by loaning to Kiva.org.