Kiva

$271,348,025

I’ll admit it right up front.  I am a huge fan of Kiva Microfunds (commonly known as Kiva) and have been a lender there for a number of years.  Founded in 2005, Kiva is “a non-profit organization with a mission to connect people through lending to alleviate poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help create opportunity around the world.”

Over the past six years Kiva has made a meaningful difference in the lives of over 700,000 entrepreneurs to the tune of $271,348,025 in funding.  As of September Kiva launched in the U.S. to provide loans to small businesses in Detroit and New Orleans – two of the cities hardest hit by the recession.

Below you will find some additional statistics about this amazing non-profit organization.

Total value of all loans made through Kiva: $271,348,025
Number of Kiva Users: 1,056,389
Number of Kiva Users who have funded a loan: 663,922
Number of countries represented by Kiva Lenders: 216
Number of entrepreneurs that have received a loan through Kiva: 701,428
Number of loans that have been funded through Kiva: 356,907
Percentage of Kiva loans which have been made to women entrepreneurs: 80.54%
Number of Kiva Field Partners (microfinance institutions Kiva partners with): 147
Number of countries Kiva Field Partners are located in: 61
Current repayment rate (all partners): 98.92%
Average loan size (This is the average amount loaned to an individual Kiva Entrepreneur. Some loans – group loans – are divided between a group of borrowers.): $385.49
Average total amount loaned per Kiva Lender (includes reloaned funds): $257.41
Average number of loans per Kiva Lender: 7.82

Related articles:

About these ads