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|