Kiva

Kiva is a non-profit organization with a mission to connect people through lending to alleviate poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help create opportunity around the world. It’s very easy to lend money to people in kiva because you only need to find a borrower and make a loan, then you will get repaid in your kiva account after the time. So you can also repeat doing it. Kiva has a good reputation because its repayment rate is over 98 percent.

I find a borrower in kiva.com today. She is a girl who comes from Kyrgyzstan. Her name is Kymbat, and she needs some money to pay for tuition fee of AUCA. She had a wish to study at the AUCA from her 9th grade, but she knew that it was hard to be admitted to the AUCA and it cost a lot. She has already solved the first problem and been successful to gain it by kiva, and now is trying to borrow money for the second one. I think this is a fantastic way because it let her doesn’t need to think too much about money and only pay attention to studying. She will have a long time on kiva that can repay money to people, and the loan of people in kiva also has no interest.

Kyrgyzstan, where the girl lives is a developing country and very poor. The average annual income of it only is $2,500. Though Kyrgyzstan had 9 years education between ages 7 and 15, the Gross Enrolment Rate in Higher Education still was 12,5% in 2011/2012. I think these may be some reasons of her need to borrow. 

I will lend money to kiva and find another borrower to write to finish the essay in tomorrow's blog.