Kiva today has reached the milestone of 50 million US$, doubling the loan volume in the last 8 months. I have been lending on Kiva for nearly 2 years now and so far all of my borrowers have repaid me (unlike my MyC4 borrowers). Kiva is doing a very good job in keeping defaults low.
1 loan every 32 seconds
The current – impressive – statistics for Kiva are:
| Total value of all loans made through Kiva: | $50,023,035 |
| Number of Kiva Lenders: | 363,222 |
| Number of loans that have been funded through Kiva: | 70,357 |
| Percentage of Kiva loans which have been made to women entrepreneurs: | 77.96% |
| Number of Kiva Field Partners (microfinance institutions Kiva partners with): | 93 |
| Number of countries Kiva Field Partners are located in: | 42 |
| Current repayment rate (all partners): | 98.76% |
| Current default rate (all partners): | 1.24% |
| Average size of loan for funding: | $449.02 |
| Average total amount loaned per Kiva Lender (includes reloaned funds): | $137.81 |
| Average number of loans per Kiva Lender: | 3.70 |
The growth is stimulated by a large, active supporter base, that comes up with creative marketing ideas. Did you know that you can build a beard to support Kiva?
