Kiva Zip (0% Interest)
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The Maharishi Education for Invincibility Trust (MEIT) runs in South Africa. They offer loans to students to help them enrol in University. (70% of youth in that area are unemployed.) They also provide skills and training, including how to cope … Continue reading
Kiva Zip, launched several months ago, offers interest-free loans. Unlike a typical Kiva loan, there is no MFI in the middle who administers the loan; the funds go directly from Kiva lenders to the borrower. Since there’s no MFI to … Continue reading
One of our lesser-known MFIs is Agro Capital Management. Initially, they offered interest-free loans. Unfortunately, now, they do charge interest on Kiva loans; so we’ve removed them from our feed.
Accion East, a US-based Kiva Partner, charges interest (despite having some visible Muslims apply for loans with them). Kiva Support writes: Accion East does charge interest: “Accion East offers competitive fixed interest rates that range from 8.99% to 15.99%. Our … Continue reading
An interesting, new Kiva field partner is the American University of Central Asia, based in Kyrgyzstan. They provide interest-free student loans to Kiva borrowers. From Kiva Support: AUCA is a new partner of ours – we just started working with them last … Continue reading
The Abaarso School of Science and Technology operates in Somalia as a non-profit organization. They offer four-year term higher-education loans to help fund tuition. Not only that, but they support even those who cannot afford tuition! They’re now on Kiva to … Continue reading