SAN FRANCISCO, CA--(Marketwire - Oct 29, 2012) - What can reach 66 different countries, only costs $25 and packs enough punch to change someone's life? A Kiva Card -- the perfect gift this holiday season.
Kiva is a nonprofit organization with a mission to help alleviate global poverty by connecting people through microlending. When you buy someone a Kiva Card through Kiva.org/gifts, you are giving your recipient the opportunity to help someone start or grow their small business, improve their family's housing conditions, go to school, access clean energy, and much more. For as little as $25, Kiva Cards give those special people in your life the opportunity to help change someone else's life -- halfway around the world, or even in their own backyard.
The holidays are Kiva's greatest opportunity to introduce more people to the power of microlending to create opportunity, realize dreams and enable families to break the cycle of poverty. Every card purchased leads to another person empowered by a microloan, and another introduction to Kiva's mission.
"The spirit of giving that surrounds the holidays is a powerful force for good," said Premal Shah, president of Kiva. "By offering Kiva Cards and making it easier than ever to make loans on Kiva.org, we hope to help channel that energy in a way that can make a lasting impact on the world."
How it Works
Kiva Cards are easily purchased at www.kiva.org/gifts in multiples of $25. Once received, Kiva Card recipients go to www.kiva.org to redeem their gift and choose an entrepreneur to lend to, such as Jhuni from India, a widow who needed $550 to expand her home-based tailoring business to help send her young children to school or Richard from Kenya, who needed $200 to buy seedlings and fertilizer for his farm. Throughout the course of the loan, lenders receive email updates on repayments made and the progress of the business. When the loan has been repaid, which is 98.9% of the time, the recipient can withdraw the funds or choose a new entrepreneur to lend to, and start the cycle-of-good all over again.
Kiva Cards are a great way to spread joy around the world and back this holiday season. Visit www.kiva.org/gifts to purchase a Kiva Card today.
Kiva is a non-profit organization working to alleviate poverty by connecting people around the world through microlending. With as little as a $25 loan, anyone can help a borrower create new opportunities for themselves and their family. Together with more than 830,000 Kiva lenders and a worldwide network of microfinance institutions, Kiva has created economic opportunity for more than 880,000 borrowers. Since its inception in 2005, Kiva lenders have funded more than $360 million in loans with a 98.9% repayment rate. Visit www.kiva.org for more information.