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Small Loans, Big Impact

Now through October 25th, customers who make a qualifying loan of $25 or more through the campaign page will receive a $25 Kiva credit to lend again.

From our very first issue, GOOD has written stories about individuals who find pragmatic solutions to improve their communities. People use all kinds of things to make a difference - from the technical, to the whimsical, mundane to adventurous. Now more than ever we are seeing technology and business drive change, especially when mixed with human compassion. Through our collaboration with PayPal, and microlending pioneer, Kiva, we’re helping enable loans to entrepreneurs who don’t have access to traditional financing. These small, crowd-funded loans help build and grow small businesses, and create opportunities for the borrowers, their families, and the local communities where they live and work.

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Connecting the World, Collaborating for Good

As the next billion people continue to come online, Premal Shah, a former principal product manager at PayPal and president and co-founder of the microfinance platform, paints a financial future where everyone has fair access to financial services and opportunity around the world by revisiting an old notion: trust.

While the Facebooks, Googles and mobile phone providers of the world are all working to bring Internet access to the most remote corners of the world, PayPal and Kiva have been facilitating perhaps the most powerful connections—people supporting people through the crowdlending nonprofit and digital payments system. As the next billion people continue to come online, Premal Shah, a former principal product manager at PayPal and president and co-founder of the microfinance platform, paints a financial future where everyone has fair access to financial services and opportunity around the world by revisiting an old notion: trust.

“When I was just one year old, me and my family immigrated from India,” Premal Shah, president and co-founder of Kiva recalls. “I was growing up in Minnesota and got to go back to India when I was five to visit my grandparents and family. One of the things that immediately struck me as we traveled through India was just the level of poverty and destitution that kids my age, and their families endure. I didn’t have words for it then but realized that literally where you’re born and who you are born to determines so much. This was something I wanted to do something about.”

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25 Ways to Spend $25

$25 can still go a long way to making someone’s life better.

Despite what the cost of living from city to city across the United States might suggest, $25 can still go a long way. Over the last decade, more than two million people have secured funding for their small business ideas and community enrichment loans through the collaborative efforts of Kiva, in partnership with PayPal. That equates to a new loan being funded every two minutes, with more than $920 million lent as of this writing. Launched in 2005, the microfinance nonprofit developed a crowdfunding platform that connects people in 80 countries around the world. Since then, the two organizations have been in lock step facilitating small loans that have big impact. From textile makers to bakers, here are 25 ways you can spend $25 around the world, get repaid and lend again on Kiva.org.

Help a Refugee Start Over

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