Group22 Report
SMALL LOAN, BIG DIFFERENCE
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Contents
Motivation of the Application
Poverty is one of the biggest long-term issues confronting the world today. Millions of people struggle to maintain the most basic standard of living for themselves and their families, and face a daunting uncertainty in many parts in their lives. Microfinance is one strategy and it attempts to address the issue of poverty by providing small-scale loans to the poor so that they can either start or expand a small business to improve their income, thus helping to bring them out of poverty.
Kiva is an international non-profit, founded in 2005 and based in San Francisco, with a mission to connect people through lending to alleviate poverty. By lending as little as $25 on Kiva, anyone can help a borrower start or grow a business, go to school, access clean energy or realize their potential. For some, it’s a matter of survival, for others it’s the fuel for a life-long ambition. And Kiva lenders have provided over $1 billion dollars in loans to over 2 million people in 87 countries.
That's the reason why we choose to build a Rshiny application to do visualization about Kiva data. We would like to know the level of poverty of each borrower in order to set investment priorities, help inform lenders, and understand Kiva’s target communities.
- Explore loan difference among the world and detect the different patterns and poverty causes among different countries.
- Understand how online platform effect people’s real life.
- Detect the development potentials of Kiva, and help to provide the world with a better future with less impoverished people.
