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An evening with Jessica Jackley, founder of kiva.org

kiva

Here’s a story to illustrate the validity of the phrase “community of book bloggers.”  We are a community of readers and writers whose impact on each other can reach further than the book recommendations we love to give and receive.

During Book Blogger Appreciation Week (BBAW) 2008, Fashionista Piranha wrote a guest post about kiva.org on My Friend Amy’s blog.  She explained how this web-based microlender connects individual lenders with entrepreneurs throughout the world.  I thought, “wow, that’s really a neat concept,” but I didn’t do anything further with it.

About six months later, kiva.org crossed my path again when I read a blurb in our church newsletter mentioning that Jessica Jackley, the co-founder of the organization, would be the speaker at this year’s Al Filipov Peace and Justice Forum.  Al Filipov was a resident of our town who was on board American Airlines Flight #11 and died in the terrorist attacks of September 11, 2001.  Loretta Filipov, his wife, created the Forum in 2002 “to articulate those issues about which Al cared deeply and to demonstrate how one person can make a profound impact on the lives of those in his or her community”.  Each year’s forum is designed to be both informative and thought-provoking.

(photo credit: Trinitarian Congregational Church)

(photo credit: Trinitarian Congregational Church)

I put the date on my calendar – September 26 … many of you were attending the National Book Festival that weekend.  I wished I could have been in two places at once, but I was meant to stay home and attend the Forum.

Jessica Jackley is incredibly well-spoken and poised.  She speaks passionately about the foundation of kiva.org, the mission, and where it’s going.  The overwhelming theme is people helping people – individuals can make small investments (starting at $25) directly to entrepreneurs worldwide.  Here are a few statistics showing what has happened since kiva.org launched in March 2005 with seven loans totalling $3,500:

  • $90 million has been loaned
  • 250,000 entrepreneurs  have received loans
  • kiva.org has entrepreneurs in 181 countries
  • over 500,000  lenders (individuals)
  • repayment rate is an impressive 98%

What happens when you visit the web site?  You can look at the profiles of entrepreneurs for a given geographical region or economic sector (i.e., entrepreneurs working in education, retail, manufacturing, farming, etc.).  You can even sort by gender.  Read a little about the entrepreneur, how much of an investment they’re looking for, and what they plan to do with it.  For example, Rosa is asking for a loan of $500 to purchase additional clothing for her retail business – that’s 20 people lending $25 each.  When her loan goal has been met, the funds will be dispersed to her, she’ll be able to purchase her supplies and begin repaying the loan.  When the load is repaid, money is returned to the lender’s kiva.org account.  At that time the lender can either withdraw their funds, or turn around and loan it to another entrepreneur.

I think this is a brilliant project idea for an individual, family, or community group.  My kids are excited to be able to see the photo and read the bio of the entrepreneur they’re supporting.  What a way to empower our children to make a conscious choice to help an individual, and to show them the far-reaching impact of that choice!

Back to the books – I want to thank My Friend Amy for founding BBAW and fostering the concept of a community of book bloggers.  Thanks, too, to Fashionista Piranha for introducing me to kiva.org.

How has a book blogger impacted your life?

8 comments to An evening with Jessica Jackley, founder of kiva.org

  • I love Kiva. It is such a great organization. I have been lending with them for the past year or so and it has been wonderful.

  • I’ve heard of Kiva a few times through BBAW and other means. I wrote my senior thesis on micro-credit, its success in economic terms and some of its really positive residual effects. It’s so cool to see an organization that is not only making it easy to impact the lives of those less fortunate, giving them a hand up not just handout, but actually makes it fun and *personal,* too! With that in mind, I think I’ll be doing some lending myself before the year ends. Thanks for posting about this and reminding me to do one of the things I’m always saying I’m going to do!

  • I love the idea of this organization! I’m going to have to go check out the website. I must have missed the post during BBAW (I was cavorting around that beautiful resort in Indiana!). As to your question, that is a tough one. So many people have impacted me here in the last year. I feel blessed to have “met” you, and all the other caring, giving people in the book blogging community. Because of Trish I’m walking more, because of Amy we are all closer and know more about each other, I am a better critic of books, I am reading a more diverse selection of books, I am reading more with my children…the list goes on and on.

  • I somehow missed this whole thing. So thanks so much for bringing Kiva to my attention. And thanks to Nicole for her personal recommendation.

  • Thanks for helping spread the word about Kiva.org! It’s really an amazing organization, I think!

    ~Suzi
    Fashionista Piranha Book BLog

  • I love Kiva! I have done about 5 loans through them and all have been paid back with no problem. I love how such a small committment from me can lead to great things for others.

  • I’ve heard of this group, even before BBAW. I’ve also seen a number of these microlenders do great things, especially for small business owners in third-world nations. I’m glad you got to attend the forum and share it with us.

  • [...] Book Nest (review) Dawn @ she is too fond of books talking about Kiva No Comments Tags: economics, memoir and biography, nonfiction, review Cancel ReplyWrite a [...]

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