One of our on-going projects has been to provide funds via a peer-to-peer lending platform called Kiva.org. Kiva is an international nonprofit, founded in 2005 in San Francisco, with a mission to expand financial access to help underserved communities thrive. More than 1.7 billion people around the world are unbanked and can’t access the financial services they need.
It is done by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. 100% of what is lent via Kiva goes to funding loans.
The club has chosen to focus on female recipients using the loans to improve their sanitation at home, in support of SDG6. Eventually the loans are re-paid and the funds are available for further lending.