Mogo
Social Media Release
MOGO DONATES TO KIVA.ORG TO PROVIDE FINANCIAL SOLUTIONS FOR THE DEVELOPING WORLD
06.21.2009 – As a company committed to providing financial solutions to people everywhere, Mogo is donating $1 for every new customer to Kiva.org to help alleviate poverty in the developing world. Mogo believes in the power of lending to change lives, and is committed to raising $1 million for Kiva.org.
Kiva.org is the world''s first non-profit, person-to-person micro-lending website, and provides interest-free loans to individuals in the developing world who aren’t considered “bankable”. This innovative approach to lending gives people in the developing world the opportunity to start their own businesses and become self-sufficient. What’s more, $1 donated to Kiva helps lots of people. That’s because once a borrower repays their Kiva loan, that $1 is loaned out again. So when we give a $1 to Kiva, we’re changing lots of lives.
Mogo has always been committed to helping ordinary people, offering the cheapest short-term loans to Canadians from cost to coast. By supporting Kiva, they’re now providing their customers with an opportunity to make a profound and lasting difference in the lives of people in the developing world. This remarkable organization has been featured on Oprah and has received endorsements by numerous world leaders including Former President Bill Clinton.
What is micro-lending?
Micro-lending is a business loan for people in the developing world who don’t have access to credit, and lack the income, collateral or credit history to get a loan from a bank.
Inspired by Nobel Prize Winner Professor Muhammad Yunus, who established the Grameen Bank in Bangladesh in 1983, Kiva enables poor people to escape poverty by providing loans on terms suitable to them, and by teaching them a few sound financial principles to help themselves. These tiny loans allow poor people to start businesses and support their families.
Most entrepreneurs repay the loan and build successful businesses - which means that money becomes available for another Kiva loan.
About Mogo
Mogo (www.mogomoney.com) is money on the go - the simple and easy way to borrow money. We are an innovative financial services company dedicated to making borrowing simple and affordable. Unlike the banks, Mogo is continuously looking for ways to lend money. In fact, 9 out of 10 people get approved for a Mogo instant loan.
Mogo believes it’s time to challenge the existing financial services industry by offering a simple way for people to get the money they need. People across Canada are tired of the hoops and hurdles required by banks to borrow smaller amounts of money. That’s why Mogo is committed to providing relief from the high costs and inconvenience of payday loans.
In fact, Mogo’s mission is to save Canadians over $1 billion in excessive fees. If every Canadian currently using payday loans or paying outrageous NSF fees switched to Mogo, over $1 billion would be saved each year. See the live savings ticker on the Mogo homepage: www.mogomoney.com
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- Mogo is donating $1 for every new customer to Kiva.org to help alleviate poverty in the developing world.
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- Mogo is donating $1 for every new customer to Kiva.org to help alleviate poverty in the developing world.
- Mogo believes in the power of lending to change lives, and is committed to raising $1 million for Kiva.org.
- Mogo has always been committed to helping ordinary people, offering the cheapest short-term loans to Canadians from cost to coast
- Resource Links
- Mogo Kiva Page
- Mogo Website
- Tags
- Mogo, Kiva, Payday Loan Alternative , Short Term Loans, Instant Loans,
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