Charity work KIVA LOANS
Another organization we support is Kiva, a non-profit institution whose mission is to alleviate poverty through lending.
We help those in need
na all over the world
na all over the world
It uses the internet and a global network of microfinance institutions to lend money to those in need around the world. Kiva's regional partners are responsible for verifying borrowers, loan applications, and disbursing and repaying loans. De Care Group has already granted nearly 6 thousand loans those in need from around the world.
How It Works?
1. We are looking for a borrower
From hundreds of human stories and business ideas available on the organization's website, we select the one we want to support. This could be financing school fees, a business development loan, or building a house, for example.
From hundreds of human stories and business ideas available on the organization's website, we select the one we want to support. This could be financing school fees, a business development loan, or building a house, for example.
2. We borrow money
We grant loans online for a specific purpose. Kiva aggregates all donated funds and distributes them to regional partners, who then disburse the funds to the borrower.
3. Loan repayment
Once the borrower is able to repay their loan, they deposit the money into a local partner. The partner then transfers it to Kiva, and from there, it's transferred back to the lender's account.
Thanks to this system, even the smallest amount can be a lifesaver for those in need, a chance for a better life.