Kiva loans are the perfect way to activate the Law of Attraction:
1) You give freely and unconditionally, knowing you will benefit someone in need.
2) Money is returned to you, creating the complete cycle of abundance.
Once you continue to keep giving the money back to others, you will find money will come to you from different, unexpected sources. You don’t give with the expectation of receiving more, but this is how being in the flow works.
“By reducing vulnerability and increasing earnings and savings, financial services allow poor households to make the transformation from “every-day survival” to “planning for the future.” Households are able to send more children to school for longer periods and to make greater investments in their children’s education.
Increased earnings from financial services lead to better nutrition and better living conditions, which translates into a lower incidence of illness. Increased earnings also mean that clients may seek out and pay for health care services when needed, rather than go without or wait until their health seriously deteriorates.”
One example is Santa Isabel from Ecuador, who is a mother of two, and a hardworking corn, rice, and pea farmer.
While she has long understood the mechanics of farming, Santa Isabel learned how to run her business with the help of Kiva’s Field Partner and the additional enterprise services they provided her.
A microloan is an essential first step in making a difference in the life of a microentrepreneur. Building good businesses often requires loan products that are well-adapted to borrower needs, alternative forms of collateral that make it easier for excluded people to qualify for loans, and business training or development services.
Kiva aims to partner with organizations that offer entrepreneurial support to the people they serve. This support can come directly from the organization or in partnership with a separate, qualified agency. Borrowers, like Santa Isabel, are able to participate in classes to learn basic business skills like budgeting, allocation of profits and market analysis.
In some cases, Field Partners are even able to adapt their products their client’s needs. One example is the ability for borrowers to provide alternative collateral, which enables a wider range of people to secure a loan.