Elon Microfinance Initiative is proud to announce the creation of a new lending team on Kiva.org. The Elon University Kiva Team will unite Elon University students, professors, and student clubs to raise money for entrepreneurs around the world. Elon University is committed to developing “global citizens” and we are confident that this is a way to learn more about the many types of businesspersons around the world. More than 1 billion people live on less than $1/day, and making a loan of just $25 can make a lifetime impact on a buisiness.
Take Elvira for instance. Sheis a hardworking entrepreneur who has a motorcycle transport business in the Philippines. She lives in Cordova in Cebu province, a small city of about 53,000 people. She is borrowing $375 through Kiva to purchase spare parts for the maintenance of her motorcycle. Elvira has been in this business for five years. She earns additional income from buying and selling peanut butter.
Elvira has been sustaining her business activities through her own efforts with the help of the loans from Kiva. She dreams of building and expanding her business to secure the future of her family.
With a contribution of just $25, you can join Elon Microfinance Initiative in promoting and sustaining Elvira’s business for the thousands of people in Cordova that rely on her. Think about what $25 can do for someone like Elvira.