Kiva.org Facilitates $100 Million in Microloans
By Anna Johnson on November 10th, 2009Four-year old microloan site, Kiva.org, can be proud. It has now facilitated over $100 million in microloans between lenders and (largely third world) entrepreneurs from around the world.
With around 573,000 lenders extending loans to some 239,000 entrepreneurs, Kiva.org is known for allowing ‘regular’ people in developed countries to contribute $25 or more to small business people in developing nations who are looking for funding for their enterprises. Such funding may be used for anything from, say, buying a milking cow, or obtaining supplies for weaving business.
Well done Kiva!
