Giving Globally and Locally: Introducing Kiva 250
We have some exciting things to announce at the top of this new decade. Firstly, we’ve now loaned over $850,000 to women in the Global South through our Kiva project. Secondly, we launched a new component of the program in 2019 that we’d like to tell you about: Kiva 250.
To integrate social giving further into the fibre of our business, we now automatically loan $250 for every insurance policy we sell. In 2019, we settled over 230 new policies, which means we added almost $60,000 to the total lent last year, thanks to clients like you!
75% of you have also chosen to keep your money in the lending pot, rather than accepting repayment at the end of the loan year. This means we’re able to re-loan the money to new entrepreneurs, exponentially grow the program and do a whole lot of good.
Thanks to your generosity, we’re hoping to hit one million dollars lent in 2020. Can you believe it?! We can’t!
It’ll be a close call, but with your help, we can celebrate this milestone. It’s beyond what we ever dreamed for this project.
That’s what we’re doing on the global level. At the local level, we’ve also decided to donate an additional $250 for every policy bought by Bowen Island clients to the Foxglove Fund, our endowed fund through the Bowen Island Community Foundation that provides bursaries for the Bowen Children’s Centre.
More information about the Foxglove Fund and the Kiva Project can be found here.