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Kiva
Support people globally with microloans as low as ETB 1,400. Zero interest, flexible terms, and contribute as little as ETB 1,400.
Kiva offers a unique way to make an impact through lending small amounts directly to people across the globe. By offering microloans, Kiva enables everyday individuals to support entrepreneurs, women, refugees, and other causes. For as little as ETB 1,400, you can support a borrower without worrying about high interest rates or complex application processes.
Kiva loans generally have a zero interest rate for the lender, making it an accessible platform for those seeking to give back and for borrowers to access much-needed funds. The platform allows you to choose who you support, what amount you provide, and even relend the money once it’s been repaid, multiplying your long-term impact.
How to Apply for a Kiva Loan
Applying for a Kiva loan is simple and fully online:
- Create a Kiva account.
- Choose the borrower or cause you wish to support.
- Select your lending amount (starting from about ETB 1,400).
- Complete payment using your preferred method, including PayPal.
- Receive updates as the loan progresses and gets repaid.
Pros of Kiva Loans
One standout advantage is Kiva’s extremely low barriers: no credit checks or lengthy forms. Anyone can lend with as little as ETB 1,400, making a real difference around the world. The zero interest structure means repayment terms are manageable for borrowers, and lenders can reallocate repayments to new projects, sustaining impact.
Cons of Kiva Loans
Although Kiva loans do great work, there’s a risk of not being fully repaid, though historical repayment rates hover around 96%. Unlike traditional savings, you don’t earn interest on your contribution—returns come in social impact, not financial gain.
Verdict: Should You Consider Kiva?
If you are looking to create global impact with a small contribution, Kiva is a trustworthy platform with high transparency and flexibility. The loan process is straightforward and accessible, making it ideal for people who want to help others while keeping risk low. Kiva is recommended for anyone wishing to change lives with a minimal upfront cost.
