Korean Job Discussion Forums

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Hello,
Today I created a team at Kiva for people living in Korea, foreigners or Koreans, called Kiva Korea to donate through. If you don't know what Kiva is, see below, but basically it is a microfinance website that allows you as an individual to loan money to people directly and get repaid with interest (1%) you can then take your money back, or donate it again.

Joining the Kiva Korea team is not necessary to make a loan, but if you do, we can use it as a vehicle for advertising Kiva and to attract more people to loan. you can easily email others to advertise the team Kiva Korea and they can join/donate too.

If you go to www.kiva.org and scroll down a little on the left hand side there is a grey box that says "explore or create teams". click that and search "Kiva Korea". then make a loan.

GO! JOIN KIVA KOREA! DONATE!!

Kiva is a revolutionary organization because it directly connects people in impoverished areas of the world who are trying to work hard to better their lives and loaners/people with money to help support them. This is siginificant because all of your donation goes directly to that person, none of it goes to Kiva. In the traditional non-profit/NGO type a certain percentage of your donation may go to supporting the overhead. Kiva has joined many microfinance agencies together on wone website and now you can loan directly to the people via the internet.

MORE ABOUT KIVA

What is Kiva?

Kiva's mission is to connect people through lending for the sake of alleviating poverty.

Kiva is the world's first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world.

The people you see on Kiva's site are real individuals in need of funding - not marketing material. When you browse entrepreneurs' profiles on the site, choose someone to lend to, and then make a loan, you are helping a real person make great strides towards economic independence and improve life for themselves, their family, and their community. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates and track repayments. Then, when you get your loan money back, you can relend to someone else in need.


Kiva partners with existing expert microfinance institutions. In doing so, we gain access to outstanding entrepreneurs from impoverished communities world-wide. Our partners are experts in choosing qualified entrepreneurs. That said, they are usually short on funds. Through Kiva, our partners upload their entrepreneur profiles directly to the site so you can lend to them. When you do, not only do you get a unique experience connecting to a specific entrepreneur on the other side of the planet, but our microfinance partners can do more of what they do, more efficiently.

Kiva provides a data-rich, transparent lending platform. We are constantly working to make the system more transparent to show how money flows throughout the entire cycle, and what effect it has on the people and institutions lending it, borrowing it, and managing it along the way. To do this, we are using the power of the internet to facilitate one-to-one connections that were previously prohibitively expensive. Child sponsorship has always been a high overhead business. Kiva creates a similar interpersonal connection at much lower costs due to the instant, inexpensive nature of internet delivery. The individuals featured on our website are real people who need a loan and are waiting for socially-minded individuals like you to lend them money.

How Kiva Works

Choose an Entrepreneur, Lend, Get Repaid

1) Lenders like you browse profiles of entrepreneurs in need, and choose someone to lend to. When they lend, using PayPal or their credit cards, Kiva collects the funds and then passes them along to one of our microfinance partners worldwide.

2) Kiva's microfinance partners distribute the loan funds to the selected entrepreneur. Often, our partners also provide training and other assistance to maximize the entrepreneur's chances of success.

3) Over time, the entrepreneur repays their loan. Repayment and other updates are posted on Kiva and emailed to lenders who wish to receive them.

4) When lenders get their money back, they can re-lend to someone else in need, donate their funds to Kiva (to cover operational expenses), or withdraw their funds.

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BUMP

ps- this boards karma is crap. loan your money, they pay you back. i bet if we all sent money to kiva the exchange rate would improve.