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Two NGOs Crowdfund SME Loans for Syrian Refugees

Mohammad Azaqeer, Syrian Refugee receives SME Loan

In the last 12 years, the growing global community of 1.6 million lenders has crowdfunded nearly $1 billion in loans to 2.4 million entrepreneurs in 82 countries. Two former Syrian business owners received SME loans through Kiva, an online platform for crowdfunding loans to small-scale entrepreneurs around the world. With that financial support, they reopened their business in their new countries. On World Refugee Day, all individual loans made through Kiva to displaced borrowers were matched dollar for dollar (up to $300,000). Long-term rotating financing will support the Fund’s goal of crowdfunding $9 million in loans for refugees and host communities by the end of the year in countries such as Lebanon, Jordan and Turkey.

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