One of the ways that the Rotary Club of Edmonton Whyte Avenue creates international opportunities is by making microloans through an organization called Kiva. Billions of people around the world do not have access to traditional finance and Kiva loans give people the power and resources to build the life they choose. By crowdfunding smaller amounts—called microloans—more borrowers get funded. Through Kiva, we find a person around the world who we want to support, decide how much we want to contribute toward the loan, get repaid, and then lend the money again. The initial $700 we put into Kiva has been loaned more than three times over to people in 44 different countries and we just made our 125th loan!
Click this link to learn more about Kiva: How does Kiva work? | Kiva