Kiva.org: Loans that Change Lives
Rating: 4.32 stars 34 reviews
Issues: International, Economic Development, Microfinance
Location: 3180 18th Street Suite 201 San Francisco CA 94110 USA
Results: Time since launch (January 2006): 30 months Loans: $37 million, growing $1 million every 10 days Lenders: 270 thousand people from +70 countries Borrowers: 40 thousand entrepreneurs from +40 countries MFI Partners: 100 MFIs, growing at 3 a month Traffic: +100 thousand visitors / week Activity: Loan made every 37 seconds Risk: 97% active loans on time / 1.72% default rate (all partners) Org Size: 30 employees / +400 volunteers Leverage: Platform raises $8 for every $1 in expenses. Goal: $1 Billion from 10 million lenders in 5 years. Total value of all loans made through Kiva: $37,281,060 Number of Kiva Lenders: 320,425 Number of loans that have been funded through Kiva: 52,847 Percentage of Kiva loans that have been made to women entrepreneurs: 77.20% Number of Kiva Field Partners (microfinance institutions Kiva partners with): 89 (growing 3 a month) Number of countries Kiva Field Partners are located in: 42 Current repayment rate (all partners): 98.28% Average size of loan for funding: $480.44 Average total amount loaned per Kiva Lender (includes reloaned funds): $116.74 Average number of loans per Kiva Lender: 3.03
Target demographics: Impoverished entrepreneurs in the developing world
Direct beneficiaries per year: >40k entrepreneurs
Geographic areas served: Global
Programs: Kiva.org is the first person-to-person micro-lending Web site, creating a way for individuals to connect with and make personal loans to small businesses in developing countries. Kiva.org partners with microfinance institutions across the globe, giving them access to Kiva.org's website to post their funding needs for loans to micro-entrepreneurs. Individuals across the globe fund these loans by sending payment via PayPal. Repaid loans are returned to individual lenders. Kiva.org's ultimate beneficiaries are micro-entrepreneurs who need a loan to start or expand a small business. Kiva.org's secondary beneficiaries are microfinance institutions for whom Kiva.org both provides an additional source of debt capital and provides an average 9% savings on their cost of capital. Finally, Kiva.org provides a way for individuals to connect with micro-entrepreneurs around the world and directly participate in microfinance.
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I've been working with Kiva and affiliate organizations, and they get the job done, helping build small business and create jobs. (I figure creating a job is one of the best things a person can do for another.) Specifically, I've made contributions including the West Bank and Detroit, that helps people out, and my loans are getting paid off quite well.
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Kiva.org is the big microfinance group in the US. A model for micro-lending to small businesses across the world and they allow people to lend to small businesses right here in the US.
I've personally experienced the results of this organization in...
I look for opportunities in the West Bank and Palestine. I want to help the situation there in my own way and small businesses help in the sense that they create jobs. I actively recommend contributions via Kiva, particularly with CHF for the West Bank.
If I had to make changes to this organization, I would...
Help them get the word out to more people that making small loans to small businesses at home and around the world is a good thing.