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samiatazi

4 FinTech companies in Nigeria transforming the financial space - 0 views

ibsintelligence.com/...ansforming-the-financial-space

Fitechs Nigeria Carbon Human-rights

shared by samiatazi on 13 Feb 21 - No Cached
  • Carbon belives that access to credit and quality financial services is a human right. Its mission is to empower all people with the financial access they need to pursue a life of dignity and prosperity. The FinTech empowers individuals with access to credit, simple payments solutions, high-yield investment opportunities, and easy-to-use tools for personal financial management. Interest ranges from 1.75% – 30%, with an equivalent monthly interest rate of 1 – 21%. The Annual Percentage Rate (APR) on a Carbon loan ranges from 23 – 60.8%. The company recently launched its services in Kenya and is expanding its footprint to additional African countries.
    • samiatazi
      samiatazi on 13 Feb 21
       
      Carbon believes that it is a human right to access credit and financial standard resources not an exclusive service provided by institutions to specific personas.
mehdi-ezzaoui

Kiva Is Not Quite What It Seems | Center For Global Development - 1 views

www.cgdev.org/...kiva-not-quite-what-it-seems

KIVA banking lending

shared by mehdi-ezzaoui on 12 Feb 21 - No Cached
  • And finally in Kiva's defense, its behavior is emblematic of fund-raising in microfinance and charity generally, and is ultimately traceable to human foibles. People donate in part because it makes them feel good. Giving the beneficiary a face and constructing a story for her in which the donor helps write the next chapter opens purses. The pleasure of giving
  • Kiva is the path-breaking, fast-growing person-to-person microlending site. It works this way: Kiva posts pictures and stories of people needing loans. You give your money to Kiva. Kiva sends it to a microlender. The lender makes the loan to a person you choose. He or she ordinarily repays. You get your money back with no interest. It's like eBay for microcredit.
  • You knew that, right? Well guess what: you're wrong, and so is Kiva's diagram. Less that 5% of Kiva loans are disbursed after they are listed and funded on Kiva's site. Just today, for example, Kiva listed a loan fepor Phong Mut in Cambodia and at this writing only $25 of the needed $800 has been raised. But you needn't worry about whether Phong Mut will get the loan because it was disbursed last month. And if she defaults, you might not hear about it: the intermediating microlender MAXIMA might cover for her in order to keep its Kiva-listed repayment rate high.
  • ...1 more annotation...
  • Like most innovations, Kiva is not entirely new. Rather, it is an ingenious fusion of older ideas. One is child sponsorship, which Save the Children pioneered in 1940. A family in a rich country sends $10 or $20 each month to a designated child in a poor country via a charity. In return, the family receives a photo and an update at least once a year. When I was perhaps eight, my family sponsored Constance, a Greek girl about my age, through Save the Children. I remember looking at her solemn face in two successive black and white portraits, trying to judge how much she had grown in a year.
  • hichamachir on 12 Feb 21
     
    Kiva should be careful about spreading a fake image about the company. The article states that kiva is not what people thinks and that there's another company that helps her but I think that kiva business idea is very good because and people don't have to link it with something bad.
  • chaimaa-rachid on 13 Feb 21
     
    This article has shown that KIVA spread the wrong image of its business. I think the company should be careful not to disseminate such information as it could destroy their image and people might not believe it anymore.
  • mehdi-ezzaoui on 13 Feb 21
     
    the person-to-person donor-to-borrower connections created by Kiva are partly fictional. I suspect that most Kiva users do not realize this. Yet Kiva prides itself on transparency.
kaoutarchennoufi

Press center | Kiva - 0 views

www.kiva.org/press-center

Press Reputation Journals Impact

shared by kaoutarchennoufi on 12 Feb 21 - No Cached
  • "Not only are you empowering people who are living in poverty to make meaningful choices for basic human rights, you are also helping children to understand their responsibility to give back to the global community and appreciate the quality of life they enjoy."
    • kaoutarchennoufi
      kaoutarchennoufi on 12 Feb 21
       
      Kiva is also maintaining a good public image because the press is positively talking about its quality of management, transparency, and efficiency. This is an important marketing strategy that all organizations must work on.
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