Changes

<span style="font-size:larger">There&nbsp;are&nbsp;many&nbsp;students&nbsp;on&nbsp;campuses&nbsp;across&nbsp;America&nbsp;who&nbsp;are&nbsp;working&nbsp;on&nbsp;solutions&nbsp;for&nbsp;the&nbsp;developing&nbsp;world.&nbsp;These&nbsp;solutions &nbsp; range&nbsp; from&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; </span><span style="font-size:larger">range&nbsp;from $2&nbsp;birth&nbsp;kits&nbsp;thatprevent&nbsp;preventwomenwomen&nbsp;in&nbsp;India&nbsp;from&nbsp;giving&nbsp;birth&nbsp;in&nbsp;unsanitary&nbsp;conditions&nbsp;and&nbsp;solar&nbsp;lights,&nbsp;to&nbsp;corn&nbsp;shellers,&nbsp;irrigation &nbsp; pumps &nbsp;and &nbsp;bicycle powered &nbsp;phone &nbsp;chargers. &nbsp; However, &nbsp;students &nbsp;fall &nbsp;short &nbsp;if/when &nbsp;they &nbsp;don't &nbsp;figure &nbsp;out &nbsp;the &nbsp;sustainable &nbsp;mechanisms &nbsp;to &nbsp;bring &nbsp;the &nbsp;product &nbsp;to &nbsp;market. <span style="font&nbsp;The&nbsp;students&nbsp;who&nbsp;succeed&nbsp;create&nbsp;win- win&nbsp;solutions&nbsp;for&nbsp;entrepreneurs&nbsp;in&nbsp;the&nbsp;developing&nbsp;world&nbsp;who&nbsp;can&nbsp;increase&nbsp;their&nbsp;personal&nbsp;income&nbsp;by&nbsp;being&nbsp;distributors&nbsp;and&nbsp;resellers.&nbsp;Kiva,&nbsp;and&nbsp;other&nbsp; microfinance&nbsp;organizations,&nbsp;may&nbsp;serve&nbsp;as&nbsp;a&nbsp;platform&nbsp;for&nbsp;American&nbsp;students&nbsp;who&nbsp;are&nbsp;looking&nbsp;at&nbsp;those&nbsp;types&nbsp;of&nbsp;world-size:larger"></span></span>changing&nbsp;solutions.

<span style="font-size:larger">TheFounded&nbsp;in&nbsp;2005&nbsp;by&nbsp;Matt&nbsp;Flannery&nbsp;and&nbsp;Jessica&nbsp;Jackley&nbsp;studentsand&nbsp;whoheadquartered&nbsp;succeedin&nbsp;createSan&nbsp;win-winFrancisco,&nbsp;solutionsCA,&nbsp;forKiva&nbsp;entrepreneursinMicrofunds&nbsp;theis&nbsp;developinga&nbsp;worldnon-profit&nbsp;whoorganization&nbsp;canthat&nbsp;increaseallows&nbsp;theirlenders&nbsp;personalto&nbsp;incomemake&nbsp;byloans&nbsp; beingvia&nbsp;distributorsthe&nbsp;andInternet&nbsp;resellers.to&nbsp;Kiva,entrepreneurs&nbsp;and&nbsp;otherstudents.&nbsp;microfinanceAs&nbsp;organizations,of&nbsp;November&nbsp;may2013,&nbsp;serveKiva&nbsp;ashas&nbsp;adistributed&nbsp;platform foralmost&nbsp;American$500&nbsp;studentsmillion&nbsp;whofrom&nbsp;are1&nbsp;lookingmillion&nbsp;at thoselenders&nbsp; typesto&nbsp;of1.2&nbsp;world-changingmillion&nbsp;solutionsborrowers.</span>

= Purpose<br/> = <span style="font-size:larger">FoundedKiva&nbsp;aims&nbsp;to&nbsp;create&nbsp;an&nbsp;ininternational&nbsp;2005platform&nbsp;bythat&nbsp;Mattconnects&nbsp;Flannerylenders&nbsp;and&nbsp;Jessicalow&nbsp;income&nbsp;individuals/underserved&nbsp;entrepreneurs&nbsp;from&nbsp;around&nbsp;the&nbsp; world.&nbsp;Kiva&nbsp;connect&nbsp;people through&nbsp;lending&nbsp;to&nbsp;alleviate&nbsp;Jackleypoverty&nbsp;and&nbsp;headquarteredcreate&nbsp;opportunities&nbsp;for&nbsp;entrepreneurs&nbsp;who&nbsp;lack&nbsp;inaccess&nbsp;to&nbsp;start-up&nbsp;capital.&nbsp; Their&nbsp;operation&nbsp;mainly&nbsp;revolves&nbsp;Sanaround&nbsp;Francisco,the&nbsp;CA,idea&nbsp;Kivaof microfinance.&nbsp;MicrofundsMicrofinance&nbsp;is&nbsp;a&nbsp;nongeneral&nbsp;term&nbsp;used&nbsp;to&nbsp;describe&nbsp;financial&nbsp;services&nbsp;to&nbsp;low-profitincome&nbsp;organizationindividuals&nbsp; thator&nbsp;allowsto&nbsp;lendersthose&nbsp;tomakewho&nbsp;loansdo&nbsp;vianot&nbsp;thehave&nbsp;Internetaccess&nbsp;to&nbsp;entrepreneurstypical&nbsp;andbanking&nbsp;studentsservices.The&nbsp;Asconcept&nbsp;of&nbsp;Novembermicrofinance&nbsp;conveys&nbsp;the&nbsp;2013,idea&nbsp;that&nbsp;low- income&nbsp;individuals&nbsp;are&nbsp;capable&nbsp;Kivaof&nbsp;haslifting&nbsp;distributedthemselves&nbsp;almost $500out&nbsp; millionof&nbsp;frompoverty&nbsp;1if&nbsp;milliongiven&nbsp;lendersaccess&nbsp;to&nbsp;1financial&nbsp;services.2&nbsp;millionKiva's ultimate&nbsp;goal&nbsp;is&nbsp;to&nbsp;find a&nbsp; &nbsp;borrowers</span><span style="font-size:larger">sustainable&nbsp;mechanism&nbsp;to&nbsp;continuously&nbsp;provide&nbsp;safe,&nbsp;affordable&nbsp;access&nbsp;to&nbsp;capital&nbsp;to&nbsp;those&nbsp;who&nbsp;in&nbsp;need&nbsp;through&nbsp;microfinance.</span>

<p style="text-align: justify"><span style="font-size:larger">Kiva&nbsp;Microfunds&nbsp;is&nbsp;one&nbsp;of&nbsp;the&nbsp;first&nbsp;organizations&nbsp;that&nbsp;have&nbsp;succesfully&nbsp;discovered&nbsp;and&nbsp;developed&nbsp;a&nbsp;sustainable&nbsp;microcredit&nbsp;concept.&nbsp;They&nbsp;allow&nbsp; indivisualds&nbsp;to&nbsp;loan&nbsp;as&nbsp;little&nbsp;as&nbsp;$25&nbsp;to&nbsp;help&nbsp;entrepreneurs&nbsp;in&nbsp;the&nbsp;developing&nbsp;world&nbsp;to&nbsp;expand&nbsp;their&nbsp;business.&nbsp;There&nbsp;are&nbsp;four&nbsp;major&nbsp;steps&nbsp;involved&nbsp; when&nbsp;making&nbsp;a&nbsp;loan&nbsp;through&nbsp;Kiva.&nbsp;First,&nbsp;100%&nbsp;of&nbsp;lender's&nbsp;loans&nbsp;will&nbsp;be&nbsp;sent&nbsp;to&nbsp;microfinance&nbsp;institutions&nbsp;that&nbsp;Kiva&nbsp;has&nbsp;been&nbsp;working&nbsp;with&nbsp;(which&nbsp; arewhichare&nbsp;called&nbsp;Field&nbsp;Partners)&nbsp;who&nbsp;administers&nbsp;loans&nbsp;in&nbsp;the&nbsp;field.&nbsp;Next,&nbsp;lenders&nbsp;will&nbsp;get&nbsp;updates&nbsp;on&nbsp;the&nbsp;progress&nbsp;of&nbsp;their&nbsp;loans&nbsp;from&nbsp;Kiva&nbsp;and&nbsp;they&nbsp;will&nbsp; be&nbsp;able&nbsp;to&nbsp;trace&nbsp;the&nbsp;path&nbsp;of&nbsp;their&nbsp;donation.&nbsp;As&nbsp;borrowers&nbsp;repay&nbsp;their&nbsp;loans,&nbsp;the&nbsp;money&nbsp;becomes&nbsp;available&nbsp;in&nbsp;the&nbsp;&nbsp;lenders'&nbsp;Kiva&nbsp;accounts&nbsp;and&nbsp;now&nbsp; the&nbsp;lenders&nbsp;can&nbsp;either&nbsp;reuse&nbsp;this&nbsp;money&nbsp;to&nbsp;fund&nbsp;another&nbsp;loan,&nbsp;donate&nbsp;it&nbsp;to&nbsp;Kiva&nbsp;or&nbsp;withdraw&nbsp;it&nbsp;from&nbsp;the&nbsp;&nbsp;account.&nbsp;&nbsp;&nbsp;</span></p>