Browsing Tag

micro loans

Micro-Loans through Kiva.org

LeahAndMark.com | Kiva.org | Micro-Lending

Hi. It’s been a while since we’ve mentioned it – but we make loans to third-world business owners through Kiva.org. It’s micro-lending.

For those who have no idea what micro lending is, the main concept is that in developing (third world) nations, the people who need loans the most, are unable to get them because they do not have the credit/collateral and banks just don’t give loans for less than $1,000. Sometimes as little as $100 will make all the difference in the lives of an entire family – from generation to generation – simply because they got that small initial financial assistance that enabled them to break themselves out of extreme poverty.

To date we’ve made a total of 343 loans, funded by our photography, and we hope to continue doing what we do. Thank you very much.

LeahAndMark.com | Kiva.org | Micro-Lending

LeahAndMark.com | Kiva.org | Micro-Lending

LeahAndMark.com | Kiva.org | Micro-Lending

Kiva Loans Update

It’s hard to see how much a little effort adds up overtime – especially when you’re talking about donating amounts as small as $25.

We started lending three years ago but things really picked up when we decided to donate 10% or $25 of all photography proceeds (whichever is greater).

As of today we’ve helped to fund 48 loans all over the world.

The collage above is made up of photos of each person/community to whom we’ve loaned money.

The default rate so far? Zero. 0%

In the three years that we’ve been doing this, no one has ever failed to pay their loan back.

Thank you to everyone who’s hired us recently and if we haven’t already notified you as to who your money went to help, we will let you know soon.

Kiva.org Micro-Lending

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We’ve been ‘donating’ to Kiva.org since May of 2008 (see here).

For those who have no idea what micro lending is, the main concept is that in developing (third world) nations, the people who need loans the most, are unable to get them because they do not have the credit/collateral and banks just don’t give loans for less than $1,000. Sometimes as little as $100 will make all the difference in the lives of an entire family – from generation to generation – simply because they got that small initial financial assistance that enabled them to break themselves out of the prison of extreme poverty.

If you think about a situation where they’re surviving on basically pennies a day (in American dollar terms) – a loan of $5 all of a sudden makes their life exponentially greater – and gives them the chance to continue raising their quality of life.

We’ve decided that we need to give more.

We’ve also decided that we will donate $25 or 10% – whichever is greater – from every portrait session or wedding to Kiva business owners.

Here is our Kiva Lender Page.

… and now for something totally unrelated:

Talk to us about your wedding or portrait session:

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