If you're one of the 126 people who have joined us through BIG FAMILY little income in helping people help themselves through this fantastic program, shoot over to KIVA because the monthly repayments from your previous loans will be trickling back into your account now we've reached the 15th and you can lend it out again!
This month Tracey and the kids have decided to help Idriz from Kosovo. This is our first loan in Kosovo, which is a land locked European country near Macedonia, Serbia, Albania, Montenegro and Bolgaria. KIVA makes loans in 66 countries and over the last couple of years we've loaned people money in 44 of these.
Once we saw Idriz's application we knew immediately we would be helping him reach his dream of starting a farm and buying his first cow. The guy is a Hugh Laurie doppelganger, isn't he?
Kiva works with microfinance institutions on five continents to provide loans to people without access to traditional banking systems. One hundred percent of your loan is sent to these microfinance institutions, which we call Field Partners, who administer the loans in the field.
100% of every dollar you lend on Kiva goes directly towards funding loans; Kiva does not take a cut. Furthermore, Kiva does not charge interest to our Field Partners, who administer the loans.
Here's what Hugh's, sorry Idriz's, loan request has to say about him:
"Idriz, thirty-nine years old, is married and has three children between the ages of one and five years old. He works on a farm, earning a very low salary, and his wife is a housewife who stays at home to care for the home and the children.
Idriz has always wanted to have his own small farm, but he could not. Now he is requesting a loan in order to start a small stable and buy a cow. This loan will help him to cut family expenses, such as those for milk and other dairy products. In the future, he hopes to expand his farm.
His goal is to give his children a better education. Idriz wants to thank all Kiva lenders for their support!"
Kiva gives you the chance to make small loans to borrowers working to start businesses and improve their lives. Loans are made up of $25 contributions and when the repayments come back into your KIVA account you get to lend the money out again or take it back. We're already lending on Kiva and thought you'd like to join us!
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