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This article delves into the innovative microfinance platform, Kiva, and its impact on communities. Unlike traditional financial aid, loans from Kiva allow borrowers to retain profits after repayment, fostering sustainable growth and financial independence. Located in Europe, Sweden, with its capital Stockholm, boasts a rich culture and strong economy, making it an ideal case study for examining the benefits of microloans. We explore why loans can be a better option than financial aid and the social and financial returns they can generate. Our fundraising goal is set to empower Swedish entrepreneurs through Kiva.
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Byron Gomez Jeffrey Flores Irene Valenzuela Kiva Project
What Country? Plus facts • Sweden located in Europe • Capital: Stockholm (largest city) • Population: 9,555,893 • GDP: 381.719 billion • Third largest country in European Union by area. • Monarch: King Carl XVI Gustaf
Why is loans better than Financial aid or Support? • Loans: after finish paying them off you keep all the profit for yourself. • However,,, Financial aid or support:
What is Kiva? • alargechamber,oftenwhollyorpartlyunderground,ina Pueblo Indian village, used for religious ceremoniesandotherpurposes.
Explain the loan and why you believe it is a good investment both socially and financially.