02 Feb Veracity Solutions – Kiva microfunding, a year-round tradition!
For the past two Christmas seasons, Veracity Solutions has focused its efforts on creating positive influence by being actively engaged in Kiva microfunds. Who is Kiva? They are a non-profit organization based in San Francisco with a mission to lend money via the internet to low-income entrepreneurs and students in over 80 countries worldwide. Kiva seeks
to connect people through lending to alleviate poverty. Annually we invest and reinvest funds on behalf of our employees and clients as a holiday gift in hopes of easing the financial weight that many of those applying through Kiva are feeling.
To date, Veracity has contributed to 22 loans from 16 different countries. Of the 22 loans made, 55% have been made to females or female groups. 41% have gone towards agricultural businesses, 18% have been made to service-based businesses, while the remainder has been spread among food, housing, retail and education businesses.
One of the many success stories we have helped to fund comes from George, who runs a photograph & digital print shop in Twifo Praso, Ghana. George has been steadily building his business success over several years using the capital he borrows from Kiva lenders. George bought a power inverter with his last Kiva loan which allowed him to work more efficiently during power outages. He is currently 2 payments ahead of his 8-month repayment schedule and looks to be well on his way to paying back his current Kiva loan far in advance.
We will continue to encourage and support entrepreneurs like George for many years to come through this great program, and hope it inspires those with whom we work to find opportunities to positively influence others throughout the year.