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BPAAdmin
Wed Jun 30, 2010 11:00 am

The Brooks Price Action &quot;Project Kiva&quot;
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You can see our Kiva Page here: 



How does Kiva work?

Kiva works with existing microfinance institutions around the world to provide loans to entrepreneurs who don't have access to the traditional banking system. Kiva provides 100% of your loan funds to these microfinance institutions, which we call Field Partners, who administer Kiva loans in the field.

The process starts with our Field Partners, who approve and disburse a microloan to an entrepreneur in need. They take a picture of the entrepreneur, write down the entrepreneur's story and post a loan request on Kiva.org for Kiva lenders to fund. Our team of volunteer translators and editors make sure that the business de.scription is in English (if it's not, they translate!), and then publish the loan request on our website.

Lenders like you browse the loan requests and make a loan using PayPal, their credit card or, if they've received some repayments, Kiva Credit.

Kiva collects all of the loan funds and provides them to our Field Partners. Field Partners use the Kiva lender funds to backfill the loan they've already disbursed to the entrepreneur. Disbursals can happen up to 30 days before or 30 days after a loan request is posted on Kiva.org.

Over time, the entrepreneur repays the loan. Every month our Field Partners let us know who made a repayment (and in what amount), and we provide those repaid funds to Kiva lenders. We give our Field Partners the option to cover borrower defaults and currency losses. Repayment updates are emailed to Kiva lenders.

When lenders get repaid, they can re-lend to another entrepreneur, donate their funds to Kiva's operating expenses, or withdraw their funds to a PayPal account.

For more information, please visit our "How Kiva Works" page: http://www.kiva.org/about/how

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