UMW Students living on $2 a Day

Make a loanChange a life
Name: Yalchin G. Location: Azerbaijan
Loan Needed: $1,000
98 % funded
Welcome to the Living on $2 a day Project at the University of Mary Washington.







Have you ever desired to make a direct difference in the life of another? If so, then here is an opportunity. There are thousands upon thousands of entrepreneurs in developing and transitional economies that have a business plan that they believe will pull themselves and their families out of poverty. For the most part, however, these plans are not acted upon because their access to low-cost small-business loans is either limited or foreclosed. A relatively small amount of start-up money from you can make the difference. Here is how you can partner-up with a cash-constrained entrepreneur.
Step 1: You sponsor one or more UMW student(s)
Step 2: UMW students live on $2 a day for five days
Step 3: UMW students transfer your donation to KIVA.org
Step 4: KIVA lends your donation to a microfinance institution (MFI)
Step 5: MFI lends your donation to an entrepreneur.
Step 6: Entrepreneur repays loan with interest to MFI.
Step 7: MFI returns donated funds to KIVA
Step 8: KIVA returns your donation without interest to UMW students
Step 9: UMW students take your original donation and loan it back out
Step 10: Tentative steps toward economic prosperity are taken.
If you would like to participate and live on $2 a Day, or sponsor someone who is living on $2 a Day, then please reply to the following email: TwoDollarParticipants@yahoo.com
Please use the links to the left to learn more about the challenge, how the project works in detail and the efforts of UMW students.
Use the links to the right to learn more about the national and global context that motivates these inspiring students.