Monarch Business School is happy to make available the Kiva Micro loan report for Q3, 2019. Monarch continued its support of the Kiva network by expanding its loan to over 122 to entrepreneurs in developing countries with 84% going to females and 16% going to males. The major loans sectors include: agriculture, education and retail.
Monarch appreciates the mission of Kiva which is to empower people to build and improve their lives through the use of micro loans. The Kiva platform enables Monarch to support a growing community of entrepreneurs through business initiative which closely aligns with our own mission of managerial education. Education is one of the larger Kiva sectors to which Monarch loans. Each month Monarch makes new loans out of the tuition that is collected from the students and loans that through the Kiva network. Paid off loans (97% of the total) are reinvested and thus the amount of total loans continues to increase month over month. In this way, the Monarch community can make a real difference in the lives of many.
Click the above to see our report on how YOU too can join the Monarch Kiva team and make a difference !