Kids project: Micro-loans to women entrepreneurs

As part of many city-wide initiatives meant to encourage preventive behaviors, when the kids got their Covid vaccine they each received a cash incentive. So we started talking about donating part of that money, and Kiva came up as an option for investing for social impact (the 'investment' being in social capital, not profit). There's been much debate over the years over how impactful investing through Kiva really is. Middleman MFIs (microfinance institutions) who are on the ground provide micro-loans to populations otherwise considered too 'high risk' by traditional banking institutions. And Kiva offsets those risks for the MFIs. The pros and cons are discussed at great length on blog posts, business reviews, white papers and in … [Read more...]