Ranging from healthcare awareness to workers’ rights, non-profit organizations cover some of the most prominent issues in our modern world. With all of these organizations and all the galvanization they do to advance our current status of living, which ones impact the world of finance? From providing financial opportunities in poverty-ridden nations to securing microfinance loans, NGOs (Non-Government Organizations) and all other forms of organizations constantly evolve the finance and savings world. The list of causes expand quicker than we can ever envision.
Kiva, a microfinance lending organization, is great to invest in other people’s futures by loaning some of your extra savings. If you’re looking for some funding without any interest rates, look no further to Kiva. Their principle belief is that people are naturally grateful towards people funding their dreams, and is shown by their 99.7% loan return rate. Along with paying back their investors, newly empowered entrepreneurs often send a token of gratitude, or they pay back the loan with some interest. Microfinance loans are great alternatives to invest your money. Kiva is unique because you can invest in someone’s future, and benefits both parties, including the lender. It offers a rare feature in the wide range of nonprofits-it gives you the reassurance that your money is going to a great cause. The progressive gratification you receive as your loan gets paid off is unrivaled. Who knows what impact you can make by donating $25.
Another revolutionary nonprofit called Corporation for Enterprise Development (CFED) empowers low income families by building financial futures to funding life’s necessities, such as financing a house or sending a child through the education system. CFED partners with San Francisco’s Kindergarten to College Program, which matches students’ savings 1:1 to kindergartners to provide sufficient savings to send these children to college someday. Along with the 1:1 Fund, CFED partners with many other prominent nonprofits and NGOs, like Child and Youth Finance International. CFED has set the blueprint in ensuring education funding for low-income children in the United States, and can certainly spread their approach to other parties in the United States and the world. Their projects can be seen at cfed.org.
Another global organization that influences the entire world is called Child and Youth Finance International. The NGO provides access to financial services, spreads financial awareness, opportunities for reliable sources of income, and financial education. They have been involved in many causes and partnered with many organizations to promote these goals, with one dream in mind: to provide a financially stable world. Their goal is to outreach to 100 million children in 100 countries by 2015. With 69 financial products, 180 partners, and 18.7 million children reached, this goal is not too far. One fantastic project is to survey children across the world and to ask a few simple questions on their current status of savings, education, and what they want to see changed in the world.