In the fast-paced and competitive global economy, it is crucial to develop partnerships and strategic relationships. These alliances can lead to mutual success and synergy that extends far beyond individual goals. The Pine Crest chapter of Kiva Club, led by sophomore Sabrina Udwin, has successfully joined efforts with the French Club to raise funds for loans to promising low-income entrepreneurs in Francophone developing countries.

 Kiva, the online lending platform, is a non-profit organization with its mission to “connect people through lending to alleviate poverty and to build a worldwide network of microfinance institutions that create opportunity around the world.” With as little as $25.00, a loan can be made to help change lives, and offer individuals an opportunity to have access to capital that enables them to begin to build a better life for themselves and their families. Kiva works with microfinance institutions on five continents to provide these loans to people without access to a traditional banking system. One hundred percent of the loan is sent to these microfinance institutions, which are called Field Partners. Kiva does not charge interest to the Field Partners, who administer the loans. In addition, Kiva relies on a worldwide network of over 450 volunteers who work with their Field Partners, who edit and translate borrower stories, and ensure the smooth operation of countless other Kiva programs. The loans are typically paid back over a period of about one year.

The Kiva Club desired to expand its awareness and interest in their mission. The co-presidents of the French Club, Ryan Luck and Luke Genoyer, along with Club sponsor, Madame Pirson, agreed to schedule a joint bake sale. In total, the fundraising activity raised nearly $100, which then was allocated for a loan to an applicant from the profiles on the Kiva.org website. After reviewing with members of the French Club several potential opportunities, the loan was made to a thirty year-old individual named Confidence from Hédzranawoé, Togo, a small country in western Africa. He is a clothing reseller who wishes to open his own store in the local market. The cooperation between the two clubs was mutually beneficial and greatly appreciated.

In the future, the Pine Crest chapter of Kiva hopes to continue to partner with other school clubs. There are many benefits to any student wishing to become involved with Kiva either directly, or by combining their club’s efforts with Kiva. To learn more about microfinance and the concept of social entrepreneurship, visit Kiva.org or attend the club’s next meeting.