One of our business new year’s resolutions that we’ve made this year is to give back more. We already help cleaning & restorations businesses around Australia and New Zealand grow and develop (which we love doing!!), but now we want to lend a hand to those who do not have the same business opportunities as we do.
This is why we have joined Kiva. Kiva is a not-for-profit microfinance company which allows you to lend small sums of money to sole-traders and businesses in less fortunate parts of the world. The aim of Kiva is to help alleviate poverty promote better economic situations by helping to finance entrepreneurs.
The best part of the system is that it works on loans, not donations. This means that once your loan is repaid, you can roll your money back into another entrepreneur and help even more cleaners and restorers to become successful business owners.
We have recently lent $50 to Hasan from Lebanon. Hasan is an independent contractor who specialises in floor cleaning. His loan will go towards a new hard floor cleaning machine which he needs to help him take on bigger projects without facing problems.
Small amounts of capital can be vital for a new or growing business, which is why micro-loans are so effective. Lending just a little bit of money, pooled with loans from others, can change someone’s way of life. Permanently.
Once Hasan has reached his target, our team can then move on to helping other cleaning and restoration technicians grow and develop their businesses through micro loans. We will make sure to keep you posted in a few weeks time to let you know how much money we have loaned as a team.