More than 1.7 billion people around the world are unbanked and can’t access the financial services they need. Kiva is an international nonprofit, founded in 2005 in San Francisco, with a mission to expand financial access to help underserved communities thrive.We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.
The All Call Omaha Kiva portfolio was created at the farewell party of interim Trinity Cathedral Dean Joan Pritcher in 2013. Over time, this portfolio has received a total of $1714 in small donations. These donations are loaned out to Kiva recipients that are selected based on a large number of categories (e.g. housing, education, businesses run by women, farming, geographical location...) As these loans are paid back, the money returns to the portfolio and can be are re-loaned. As of 4/20/2020, this has allowed a total of $8,300 to be lent and re-lent!
Elenita is a married woman with four children, three of whom are currently in school. She is a very hard-working entrepreneur. Elenita is 43 years old. Elenita has a food vending business in the Philippines. She has been in this business for four years. Elenita requested a PHP 20,000 loan through NWTF to buy ingredients for her food production business. In the future, Elenita would like to save enough money so that she can afford to send her children to college. She previously received and paid back a PHP 12,000 loan amount to buy ingredients for her food production business.
On April 22nd, the All Saints Youth Group distributed more than $1,000 to complete and secure the loans for five Kiva recipients. The loans are for materials, goods, and supplies for people in Kenya, Egypt, the Philippines, and Peru to sustain and expand their family businesses. Each individual's loan has a different repayment schedule—you can see from the summary at the left that two of our new loan recipients have already started repaying their loans!