You can fight poverty with just $1

by Tony Hue

Meet Pedro

• Pedro needs a $825 loan to repair his car.

What if you didn't have access to a bank?

• Financial services allow individuals to: •  run their business •  support their family •  overcome poverty

The world's first person-to-person lending platform

Kiva's impact thus far

•  Raised $289 million in loans •  Nearly 700,000 lenders •  61 countries •  98.91% repayment rate

Four key players

Field Partner Borrower Lender Kiva

Step 1: Tony lends Pedro money to repair his car

Pedro: "I need $825 to fix my car."

Lender: "Here's $25! Hope you get your car fixed soon!"

Step 2: Kiva sends funds to Field Partner

Kiva: "Here are the funds to cover the loan you made to Pedro!"

Field Partner: "Thanks a million, Kiva! You guys are the best! <3 <3"

Step 3: Pedro pays back Tony

Pedro: "Here's your money back. I got my car fixed! Woot!"

Lender: "I'm glad to hear that! It was worth every penny."

"How will my $1 help someone like Pedro?"

Microfinance works

1) Help low-income households meet basic needs

Microfinance work

2) Improved economic welfare and stability

Microfinance work

3) Increase women's economic participation, and thus promoting gender equality and well-being

What happened to Pedro?

Donate your dollar to Pedro at http://www.kiva.org/lend/383112