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Telepresence Options Charities - Kiva

February 24, 2012 | Howard Lichtman
Our favorite part of being a publisher is helping deserving charities.� We have been publishing a list of charities started by members of the visual collaboration industry (and charities we like) every Christmas since 2008. You can see the list from Christmas 2012 Here. Today we are launching a lending team on Kiva for telepresence and visual collaboration professionals through our industry association: Telepresence Industry Professionals (TIP).�� TIP is open to both members of the visual collaboration industry and the technical professionals who support telepresence, videoconferencing, UC, and visual collaboration in organizations large and small.
Kiva Intercontinental Ballistic Microfinance - Best Viewed Full Screen

Kiva is a unique charity where donors support entrepreneurs in by making microfinance loans of as little as $25.� Kiva "lenders" can choose from thousands of entrepreneurs and target their loan to a specific country, sector, gender, and/or attributes like green or higher education initiatives. A typical borrower might be a Peruvian woman who makes peanut butter by hand looking for $750 to buy a machine to quadruple her output. Multiple Kiva members fund the loan and a local charity (called a field partner) administers the loan and collects repayments. As the loan is paid back the money is deposited back into the lender's Kiva account where they can lend again to another entrepreneur in need in a virtuous cycle that creates jobs and local economic development.

How it Works and How to Help

1. Register with Kiva, fund your account with as little as $25 and join the Telepresence Industry Professionals lending team:

2. Find an entrepreneur or borrower. Search by country, sector, gender or attributes like "green" or "higher education"

Kiva_lender.jpg3.� Conduct Due Diligence - Read their brief story, check out the risk rating of the field partner who is administering the loan, and learn if they have successfully paid back loans in the past.�

Kiva_Borrower.jpg4. Make the Loan!� It just takes a click and then the field partner will make the distribution.�

5. Get paid back - You can view all the loans in your portfolio and see the progress of repayments.� As the loans are repaid the funds are credited to your account so you can either loan again or get your money back.

kiva_repayment.jpgThere is the risk of a borrower defaulting but it is low. Kiva's repayment rate is 98.91%. In a recent analysis of defaulted Kiva loans the organization found that out of 134 field partners surveyed only 16 had defaulted loans. Of those 16 partners, just 4 of them account for 83.3% of the defaults.

Here are some Kiva statistics as of February 24th, 2012:

kiva_statistics.jpgYou can join the Telepresence Industry Professionals Lending Team here whether or not you are a member of TIP:

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