Princess Time Toys Blog

Friday, September 19, 2008

Kiva.org - Please Vote

Exciting news! Kiva's entry "Loans that change lives" has just been voted one of the Top 25 in the American Express Members Project online competition. Only the Top 5 projects by popular vote will move on to the final round to compete for a $1.5 million First Prize. We need your help between now and September 29th to get as many votes as possible!

What can you do to help?

American Express cardmembers, vote here
Not a cardmember? Spread the word to help us get out the vote.
With your support, Kiva can turn a $1.5 million First Prize into $30 Million dollars in loans to 60,000 entrepreneurs around the world.

Thanks for your help!
Matt FlanneryCo-Founder & CEO

We're happy to spread the word for Kiva.org - we've been supporting them for over a year. Here's our portfolio of entrepenures: http://www.kiva.org/lender/connie2266

Don't know what Kiva.org is? Here's the info from their site:

What Is Kiva?

We Let You Loan to the Working Poor

Kiva's mission is to connect people through lending for the sake of alleviating poverty.
Kiva is the world's first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world.
The people you see on Kiva's site are real individuals in need of funding - not marketing material. When you browse entrepreneurs' profiles on the site, choose someone to lend to, and then make a loan, you are helping a real person make great strides towards economic independence and improve life for themselves, their family, and their community. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates and track repayments. Then, when you get your loan money back, you can relend to someone else in need.

Kiva partners with existing expert microfinance institutions. In doing so, we gain access to outstanding entrepreneurs from impoverished communities world-wide. Our partners are experts in choosing qualified entrepreneurs. That said, they are usually short on funds. Through Kiva, our partners upload their entrepreneur profiles directly to the site so you can lend to them. When you do, not only do you get a unique experience connecting to a specific entrepreneur on the other side of the planet, but our microfinance partners can do more of what they do, more efficiently.

Kiva provides a data-rich, transparent lending platform. We are constantly working to make the system more transparent to show how money flows throughout the entire cycle, and what effect it has on the people and institutions lending it, borrowing it, and managing it along the way. To do this, we are using the power of the internet to facilitate one-to-one connections that were previously prohibitively expensive. Child sponsorship has always been a high overhead business.

Kiva creates a similar interpersonal connection at much lower costs due to the instant, inexpensive nature of internet delivery. The individuals featured on our website are real people who need a loan and are waiting for socially-minded individuals like you to lend them money.

We've enjoyed our time with Kiva.org and highly recommend it - especially their gift certificats for children. It's a great way to teach them about compassion.



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