Post by account_disabled on Feb 18, 2024 22:21:25 GMT -5
San Francisco-based nonprofit Kiva offers a crowdfunding platform of nearly 900,000 individual lenders who have provided more than $ 415 million to 1 million borrowers in 65 countries of loans.
Since the nonprofit 's founding in 2005 , Kiva 's community of lenders has crowdfunded more than $ 2.2 million in loans each week , for a total of $ 420 million .
Lenders don’t earn any interest on the loans , but they can provide loans for as little as $ 25 and get the satisfaction of helping spread clean energy around the world . Kiva claims a 98.9% repayment rate , and lenders can reissue funds again or withdraw funds from the system.
In addition, Kiva lenders also offer crowdfunding loans that borrowers Telegram Number Data can use to install solar lighting systems , purchase environmentally friendly stoves, distribute renewable energy products in remote areas , and improve home environments to reduce energy costs. and consumption.
According to Kiva , approximately 20% of the world's population, or 1.3 billion people, live in energy poverty . Many people continue to use expensive , inefficient and dangerous energy sources such as charcoal, kerosene and diesel. Despite the health benefits and potential energy and cost savings of renewable energy , most people cannot afford the high upfront costs without access to financing.
Kiva works with approximately 150 local partners, including microfinance institutions and other nonprofit organizations , to serve local people, including in some of the most remote areas on Earth . These partners manage loans , work with borrowers and collect payments. Some local Kiva partners have leveraged Kiva Capital to launch green loan programs.
Local Kiva green loan program partners include: Solar Sister Uganda , which provides loans to female micro- traders to buy solar supplies and sell them in their communities. One Degree Solar Kenya provides loans to retailers to buy and resell solar-powered equipment that can charge phones, flashlights and batteries . Haiti's EarthSpark International provides loans to retailers to buy and resell solar products and clean cookstoves to expand last- mile distribution . Credit Bank of Mongolia, Mongolia, provides loans for clean energy and energy-saving products to one of the most polluted countries on earth.
Since the nonprofit 's founding in 2005 , Kiva 's community of lenders has crowdfunded more than $ 2.2 million in loans each week , for a total of $ 420 million .
Lenders don’t earn any interest on the loans , but they can provide loans for as little as $ 25 and get the satisfaction of helping spread clean energy around the world . Kiva claims a 98.9% repayment rate , and lenders can reissue funds again or withdraw funds from the system.
In addition, Kiva lenders also offer crowdfunding loans that borrowers Telegram Number Data can use to install solar lighting systems , purchase environmentally friendly stoves, distribute renewable energy products in remote areas , and improve home environments to reduce energy costs. and consumption.
According to Kiva , approximately 20% of the world's population, or 1.3 billion people, live in energy poverty . Many people continue to use expensive , inefficient and dangerous energy sources such as charcoal, kerosene and diesel. Despite the health benefits and potential energy and cost savings of renewable energy , most people cannot afford the high upfront costs without access to financing.
Kiva works with approximately 150 local partners, including microfinance institutions and other nonprofit organizations , to serve local people, including in some of the most remote areas on Earth . These partners manage loans , work with borrowers and collect payments. Some local Kiva partners have leveraged Kiva Capital to launch green loan programs.
Local Kiva green loan program partners include: Solar Sister Uganda , which provides loans to female micro- traders to buy solar supplies and sell them in their communities. One Degree Solar Kenya provides loans to retailers to buy and resell solar-powered equipment that can charge phones, flashlights and batteries . Haiti's EarthSpark International provides loans to retailers to buy and resell solar products and clean cookstoves to expand last- mile distribution . Credit Bank of Mongolia, Mongolia, provides loans for clean energy and energy-saving products to one of the most polluted countries on earth.