Kiva Partners Affected by Ebola

A graduate of the University of Glasgow, Bharat Lall earned his MD and then spent many years as a practicing physician. Later, Dr. Bharat Lall turned to business and founded a hospitality corporation in San Diego known as Pinnacle Hotels USA. Alongside his career, he donates through Kiva.

As a nonprofit dedicated to providing opportunities for underserved members of communities across the globe, Kiva works with microfinance institutions to supply loans to those without access to regular banking systems. The organization relies on funds from donors, and 100 percent of these funds go to the borrowers, who can use the money to launch their own businesses and then pay back the loans.

The Ebola epidemic in West Africa, however, has affected several partners. Many lenders have responded generously, asking if they can simply forgive the loans. Kiva’s response has included a decision to extend a four-month grace period across the region. The organization believes in allowing borrowers to pay back their loans if possible.

For more information about Kiva and its efforts, visit http://www.kiva.org. The organization’s blog, which can be accessed through the main site, includes further details, as well as links to organizations countering the Ebola outbreak.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s