1.) Sign up here or
2.) If you already have an account find someone on the Loan Page
After you have loaned on Kiva, the money goes to the entrepreneur of your choice and they have a set amount of time to pay the loan back. The money they pay back is then put towards another entrepreneurs loan, so the money is recycled and not just donated.
To find out a little more about Kiva you can watch this short video
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