Today, we wanted to pay tribute to the absolutely amazing work that Kiva has done during the past 3+ years. Kiva, Swahili for unity or agreement was founded by Matt and Jessica Flannery in November 2005 and quickly became the world’ leading micro-lending website. During this short period of time, Kiva has literally changed the lives of thousands of poor entrepreneurs in developing countries and mobilized almost half a million lenders to make a difference.
Check out the numbers below:
- $67+ million in loans
- 98% repayment rate
- 471,000+ Kiva lenders
- 95,000+ entrepreneurs funded
- 3.92 average loans per lender
- A loan was made every 31 seconds on kiva.org in 2008
You probably noticed that the average number of loans per Kiva lender is 3.92 , meaning most Kiva lenders so believe in the impact of their action, they are choosing to re-lend over and over again. Awesome.
If you have never lent money on Kiva and are looking to make a difference in the world of social entrepreneurship (and changing the lives of the 4 billion who live on less than $2 per day!), we encourage you to consider making a small loan. You get your money back and you know you’ve made a difference.
Kiva
- Person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs around the globe
- Organization Type: Other
- Website: www.kiva.org
- Founder(s):Matt and Jessica Flannery
- Founded:2005
- Location:California, United States
- See complete company list here
Image Source: kivafriends.org, marketwire.com
Contributor Profile: Erik
Erik is a perpetually curious social innovator. As a serial entrepreneur, Erik knows a thing or two about change. As a co-founder of SocialEarth, Erik hopes to channel his passion for social advocacy into an innovative venue of social awareness for others. Website: SocialEarth
Twitter: @erikeliason
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