KIVA: Online Fundraising

KIVA is an online fundraising platform, which aims to alleviate poverty and provide loans to microfinance institutions [MFI] zero interest debt capital.

 

The requirements to be a field partner are the following:

• Serve at least 1,000 active borrowers with microfinance services
• Have a history (at least 2-3 years) of lending to poor, excluded, and/or vulnerable people for the purpose of alleviating poverty or reducing vulnerability
• Be registered as a legal entity in its country of operation
• Have at least 1 year of financial audits
• Have a profile on the MIX Market (www.mixmarket.org)

 

In the Philippines, Paglaum Multi-Purpose Cooperative and Center for Community Transformation Credit Cooperative are two of Kiva’s field partners.

 

Check out there site at http://www.kiva.org