Hong Kong based Plantations International has just launched its Kiva Micro loan lending page, visit Plantations International on Kiva today and see how Plantations International offers Farmers Micro loans.
Kiva Microfunds is a non-profit organization that allows people to lend money via the Internet to low-income entrepreneurs and students in over 80 countries. Kiva’s mission is “to connect people through lending to alleviate poverty.”
Plantations International is very impressd that since 2005, Kiva has crowd-funded more than a million loans, totaling in excess of $800 million, with a repayment rate of between 98 and 99 percent.As of November 2013, Kiva was raising about $1 million every three days.The Kiva platform has attracted a community of well over a million lenders from around the world.
Kiva operates two models—Kiva.org and KivaZip.org. The former model relies on a network of field partners to administer the loans on the ground.
These field partners can be microfinance institutions, social businesses, schools or non-profit organizations. KivaZip.org facilitates loans at 0% directly to entrepreneurs via mobile payments and PayPal. In both Kiva.org and KivaZip.org, Plantations International likes that Kiva includes personal stories of each person who needs a loan because they want their lenders to connect with their entrepreneurs on a human level.
Plantations International or Kiva do not collect any interest on the loans it facilitates and Kiva lenders do not make interest on loans. Kiva is purely supported by grants, loans, and donations from its users, corporations, and national institutions. Kiva is headquartered in San Francisco, California.