Sustainable Development through Empowerment and Access
Sustainability: Kleos projects are aimed at long term growth that affect not only individual members, but their families, communities and future generations.
Development: Kleos projects are based in regions in the world where the obstacles to economic growth are at their largest.
Empowerment: Kleos believes that hard work, dignity and pride are essential components of long term development. Therefore, aid is delivered in the form of loans, trainings, and savings programs, rather than handouts. Members are given the opportunity to get themselves out of the cycle of poverty, but understand that their success will always be tied to their own effort.
Access: Poverty, conflict, corruption and environmental disasters limit many individuals’ abilities to reach their potential. Kleos programming is designed for precisely these ‘non-bankable’ individuals, and removes the conditions that have historically limited their participation in development programs.
To create prosperity through unity, hard work and generosity
Kleos provides small manageable loans directly to mostly rural women, as they represent the most overlooked demographic needing economic aid. Kleos follows the group lending model, where we issue loans through community groups. We impose a repayment plan that is manageable and assures a long term series of loans available to the community.
Group Lending Model
Kleos offers micro loans to those who have no collateral or credit history. Since loans are given to small groups at once and all have small, incremental payments, they are both individually manageable and collectively looked after. Since properly maintained loans offer the group access to future loans, groups work together to ensure repayment. This strategy also benefits the region as many groups are able to greatly improve the economy of a region as they are able to distance themselves from a life of poverty.
Microloans range from $10-$300 (CAD) and are given on a one year term. They are repaid on a weekly basis with minimal interest.