Saturday, October 31, 2015

Kiva Celebrates 10 Years of Microlending

Founded in October 2005, Kiva currently networks with 302 Field Partners in 83 different countries, and has provided $733,911,800 in microloans to 1,787,306 borrowers. To date, the Common Curator has made 142 loans through Kiva to small entrepreneurs in 79 countries. Kiva loans are interest-free and the overall repayment rate presently stands at 98.47%. 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.

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