Brief Product Description:
Kiva redefines socially responsible giving and in the process is changing the lives of people, families and communities across the world. The Kuladoo Customer Service team has selected Kiva as its Giving Back organization for 2008.
In short, Kiva works with local credit unions and small banks around the world that specialize in making small loans (usually between $300 and $1500) to entrepreneurs around the world. The entrepreneurs use the loan to start or grow their business and repay their loans. The default rate is very very low and these loans have changed the lives of entire communities.
Kuladoo customers can purchase a Kiva Gift Certificate for any amount and your gift recipient can decide who to make loans too. Upon repayment of the loan (usually 6 - 12 months), your gift recipient can loan the money to someone else or withdraw it. Your gift recipient will recieve monthly reports on how the loan is used, how the business is doing and how repayment is progressing.
This is one of the most rewarding and socially responsible gifts Kuladoo has ever encountered. Check out Kuladoo's Customer Service team's loan portfolio and click on the video below to see President Clinton's description of Kiva. Check out the Kuladoo Customer Service team's 2007 choice for socially responsible gifts - One Laptop Per Child Foundation.
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