Absolute poverty implies lack of basic human needs including food, water, shelter, clothing, health, and educational facilities. Nearly a quarter of the world population today is living in absolute poverty.
Kiva is a non-profit organisation with a mission to alleviate world poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva allows individuals lend as little as $25 to help the less privileged to stand of their own feet.
Further information can be found on Kiva web-site: http://www.kiva.org/
Since Kiva was founded in 2005, it has made a considerable progress.
Kiva is a non-profit organisation with a mission to alleviate world poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva allows individuals lend as little as $25 to help the less privileged to stand of their own feet.
Further information can be found on Kiva web-site: http://www.kiva.org/
Since Kiva was founded in 2005, it has made a considerable progress.
- It has nearly 700,000 lenders globally.
- It has lend more than $270 million
- In more than 60 different countries
- Nearly 99% of loans returned
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