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We support Kiva, a non-profit organization that provides micro-loans to small businesses in the Third World.

Fasttranslator Supports International Non-Profit

Fasttranslator.com supports Kiva, a non-profit organization that provides micro-loans to individuals, students, communities, and entrepreneurs – primarily in the Third World – to start or grow a business, or to better care for their families.

As a company with offices throughout the world and translators in nearly every country across the globe, we are committed to making a difference by helping people improve the quality of their lives. We support Kiva’s unique way of offering assistance. It operates in 83 countries and provides opportunities for individuals, families, and community groups to become more self-reliant.

Micro-Loans to Give People a Leg Up

Kiva’s website includes stories of each loan recipient, the majority of whom are women. These micro-loans can help very poor people afford clothing, water pumps, or education for their families. It can help them stock small businesses in which they sell produce or products. The loans can allow them to purchase goods in order to make products or grow food for sale or community use. In some cases, the loans pay for life-preserving medical treatments.

The people who benefit include:

  • 23-year-old Alua in Tanzania, who wants to purchase more product to grow her clothing business;
  • A dentist in Lebanon who needs better equipment to take care of her patients;
  • A village in Cambodia that needs a filter to create safe water for the community to drink.

Since 2005, Kiva has crowdfunded more than 1 million loans totaling over $782 million at a repayment rate of 98.5 percent. When the loans are repaid, contributors have the option to offer the loan to someone else in Kiva’s database. Each loan has a projected repayment date, most of which are between 12 and 36 months.

People

Kiva is a non-profit organization with a mission to connect people through lending to alleviate poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help create opportunity around the world.

Everyone at Fasttranslator is involved

We have made an initial loan that will be divided among 40 of Kiva’s worthy recipients. Our employees have helped us choose those recipients, and they’ll remain involved in the process as the loans are repaid and redistributed.

As we learn more about our loan beneficiaries, we’ll write about their personal stories on our website so that you, as our customer, can be involved as well.

Kiva logo

Fatima Vangen at our head office will take the lead in this process. If you’d like to learn more about Kiva and perhaps provide a loan or two yourself, visit the organization’s website – Kiva.

2017-06-16T09:24:28.1459426Z

Fatima Vangen
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