20 Lex Mundi Member Firms Have Supported Kiva's Work to Provide "Loans that Change Lives"`

Driven by a mission to expand financial access to help underserved communities thrive, Kiva works to transform the landscape of microcredit and entrepreneurship in the developing world by offering a web-based system of microfinance that empowers individuals to lend to entrepreneurs across the globe.

Through its website, www.kiva.org, micro-entrepreneurs in developing countries make loan requests to create or expand their business enterprises to improve their lives and their families’ futures. After browsing loan requests, individual lenders select projects – funding as little as $25 and as much as the entire amount of the loan – and receive regular progress reports from the entrepreneur until the loan is repaid.

The Lex Mundi Pro Bono Foundation and 20 Lex Mundi member firms have played critical roles in helping Kiva carryout its innovative mission for more than 10 years. Lex Mundi member firms have provided advice and support on projects including compliance, research, and registration in several countries. With the Foundation’s help, Kiva has successfully grown in every major region of the world.

Most recently, five Lex Mundi Member firms generously provided counsel to Kiva as they explore a new lending model in six jurisdictions. Peroni Sosa Tellechea Burt & Narvaja (Paraguay), Rajah & Tann LLP (Singapore and Cambodia), Prez Bustamante & Ponce (Ecuador), Moghaizel Law Office (Lebanon), and Romulo Mabanta Buenaventura Sayoc & de los Angeles (Philippines) all provided Kiva with detailed research and guidance on local regulations to consider as they think through expanding their lending programming in these countries.

The Foundation’s work with Kiva clearly shows the power and breadth of the Lex Mundi network which Kiva’s General Counsel, Austin Choi, recognized stating: “[The Lex Mundi] network of global law firms has been extremely valuable in our efforts to expand and deepen our international operations.”

“Work by Lex Mundi is always top notch and pro bono work provides important benefits to the community that may not be readily obtained,” said Gianella Gallegos, an attorney at Prez Bustamante & Ponce who recently assisted on the Kiva project. “All lawyers should be involved in pro bono work not only because of professional responsibility but because of the great experience and the opportunity to assist people, thus enriching legal knowledge. I hope that our work for Kiva will allow the people of Ecuador and of other places to access funds that otherwise would not be available.”

NEWS

Fighting Climate Change with Circular Economy Innovations

News On Purpose – August 2021

According to a new report issued by the United Nations on August 9, 2021, our planet is warming faster than predicted. Extreme weather, fires, flooding and drought are becoming common headlines around the world.

NEWS

2020 Year in Review

News On Purpose – May 2021

In the face of uncertain times, Lex Mundi member firms rallied together to give back to their communities. In 2020 alone, 74 member firms matched with 99 social entrepreneurs on 202 matters. This is a record high for the Foundation! These numbers are a testament to Lex Mundi attorneys’ commitment to pro bono services.

NEWS

Government Support for Social Enterprises Critical Amid a Pandemic Economy

As COVID-19 continues to ravage some countries, others seem to be turning a corner. Governments around the world are being tested, and whether a country is still fighting to contain outbreaks or has found a path toward easing restrictions, without active measures to ensure businesses survive and thrive post-pandemic, economies will continue to suffer.

NEWS

Ensuring survival of social impact organizations during covid-19

The economic fallout of COVID-19 is upon us and coverage of its reach is prevalent. Stories of businesses closing their doors permanently due to the crisis proliferate the media. From government responses and record unemployment rates to fluctuating markets and threats to commerce, there is no sector left untouched by the global pandemic.

NEWS

Lex Mundi Pro Bono Foundation and World Economic Forum Alliance Help Social Entrepreneurs Overcome Impacts of COVID-19

The Lex Mundi Pro Bono Foundation is among the founding members of a newly formed alliance of more than 40 global organizations amplifying support of social entrepreneurs during the COVID-19 pandemic. The organizations that comprise alliance collectively support more than 15,000 social entrepreneurs in more than 190 countries. The alliance estimates that their work impacts upwards of 1.5 billion people.

NEWS

Lex Mundi Pro Bono Foundation Supports Impact Organizations Working to Advance Equitable Solutions to Address Systemic Racism

During this time of profound grief, unrest, and reflection over the mistreatment, abuse, and murder of countless Black Americans in the United States, the Lex Mundi Pro Bono Foundation is proud to support our social impact collaborators and clients working to address systemic racism and advance a more equitable future.