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Maria, age 47, is a married woman who takes care of 7 children. Her husband is a farmer. Maria grows rice to sell.
Maria needs a loan to grow rice to sell. She started this farming business to improve her family's living standards through the provision of basic needs. She will use the money to buy fertilizer and seeds.
In a couple of years, she wants to build a house.
In this group: Elizabeth, Veneleti, Maria, Rosaria, Sarah
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MicroLoan Foundation Malawi is a non-profit organization that provides impoverished women living in the rural areas of Malawi with agricultural, solar, and business starter loans.
The organization targets underserved women and is dedicated to poverty alleviation. Loans issued through Kiva will allow MLF-Malawi to diversify funding sources, maintain socially impactful programs like skills trainings, and offer loans with lower interest rates.
Please note that if a lender makes a loan to a group containing a borrower that drops out, the lender will receive the full loan amount for that borrower back as a repayment near the start of the loan.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Loan tags help lenders find loans that match certain areas of interest.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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