Let’s put our money to work! We have created a new team through the microlending organization, Kiva.
Kiva is an online platform that lets individuals extend very small loans (as little as $25) to borrowers around the world – usually folks in developing countries that lack the collateral, employment history, and credit to take out traditional loans. These investments to small businesses and entrepreneurs don’t just create opportunity and support community-driven projects but “connect people through lending to alleviate poverty.” Women are especially assisted by microloans – and women’s economic empowerment is universally seen as a key factor in uplifting the communities and countries in which they live.
So far, the JTS Changemakers Kiva Team has lent money to Makarimal Akhlakh, a Senegalese cooperative composed of the ten women pictured above. They all work in the commerce sector and sell cloth, cosmetic products, and a variety of other goods. The small loan we made will help these women open a store to further their financial security.
Learn more about how Kiva works and how you can use your money to send a student to school,promote clean energy, or support borrowers living in conflict zones in more than 60 countries around the world. Interested in learning more about how investing in women advances economic growth and human rights? Check out the International Center for Research on Women.