Thursday, May 22, 2014

Kiva 101

Since Kiva was founded in 2005, it has networked with 250 Field Partners in 75 different countries to provide $566,835,175 in microloans to 1,317,699 borrowers. To date, the Common Curator has made 101 loans through Kiva to small entrepreneurs in 64 countries. Kiva loans are interest-free and the overall repayment rate is currently 98.86%. As loans are repaid, most Kiva lenders choose to reloan their funds to new borrowers of their choosing.

Visit the Kiva website to learn more about microfinance and how the lending process works, as well as the many milestones in Kiva's history as an organization dedicated to alleviating poverty around the world.

No comments:

Post a Comment