KIVA's initiative is a an excellent one and very user friendly. Being my first time receiving the financing from KIVA made me feel trusted and feel responsible. The Due diligence was fast and the staff at KIVA are alert at all times. Taking into account accessing loans has many challenges, KIVA solved my financial needs by a click with super quick diligence.
In my country its not easy to access finance due to lengthy and bureaucratic procedures. Livestock and finance to rural is almost non existence. Trading with the poor with no access to financing due to lack of infrastructures and security from the farmers makes the banks shun from extending loans to farmers. If it happens they do that then interests rates, processing fees, collateral requirements, spouse endorsements etc makes the process very complicated and at times not able to access the loans. There has reached a time that my Management is thinking seriously of managing Micro-financing so that the poor farmers are easily served. This idea mainly is a result of dealing with KIVA. KIVA gave me an insight through its processing and issuing. Its the best approach in terms of loan issuing as well as due diligence.
For me KIVA is not only adding value on the financing sector but gives me an opportunity to learn and manage people especially my poultry keepers.