Connect, Innovate… and Battle Poverty?

Sometimes people find themselves at a crossroad, a crossroad that sends them down a path to never escape. In one direction there is a beam of radiant light that emits glowing success, and most likely a nice fresh tropical breeze. At the other end there is a rocky road of poverty that leads down a crevice that cannot be scaled.

Guess which path most individuals find themselves dragged into? Let us just say there will be a long rocky road.

Here’s where steps in. They essentially facilitate a funding operation for those who are not in a position to help themselves financially. All over the world people are coming up with ideas and plans, all they need is just a little help to make their plans a reality. Unfortunately their ideas usually never take hold. This isn’t to say they are not trying, rather these individuals just do not have the opportunities or resources to make it happen.

The one interesting facts of Kiva is that it isn’t just a donation site. Kiva focuses on lending money only and the recipients must pay back the loan within a stated time frame. By loaning money you are enabling someone’s dream to come true.

There are three simple steps, and here’s how it works:

Step 1

Find someone who you want to lend money too. There are thousands to choose from, each with a unique idea and plan.

Step 2

Choose your loan. It works in $25 increments up to the maximum amount the individual is looking for.

Step 3

Get repaid based upon the scheduled repayment plan.

The process is simple and that’s why we at Iridia have chosen to play a part in this wonderful service.  As of now we have made loans to three individuals who are looking to start something special.

1. Natsagdorj Munguntsetseg (Auto Parts, Mongolia)

2. Eustacia Chozo Zeña De Acosta (Livestock, Peru)

3. Amina Jalilova (Clothing, Azerbaijan)

We look forward to seeing what they can do and will keep you posted on their success. Let’s see if we can change statistics like the one below!!

– You become a bank for people who have generally been ignored by banks –

Population living on less than a dollar (US) a day.