Wednesday, July 25, 2018

Microfinance Worldwide: Kiva by the Numbers

Founded in 2005 as a non-profit organization to alleviate poverty through microloans to small entrepreneurs worldwide, Kiva has facilitated $1.18 billion in total lending to some 2.9 million entrepreneurs in over 80 countries. Having established a global network of microfinance field partners, Kiva currently has a repayment rate of 97% across all loans. 

To date, the Common Curator has made 200 microloans for projects in 84 countries in the following sectors: agriculture; food; retail; services; arts; construction; clothing; health; education; personal use; manufacturing; housing; wholesale; and transportation. 

To learn more about how Kiva works and its history, visit the organization's website and consider joining the effort to fund entrepreneurs around the world. 

No comments:

Post a Comment