Congratulations to Kiva. They have tackled another impressive milestone: more then 100 million US$ total loans funded since inception. And the growth curve is pointing straight upwards. 60 million US$ were funded in the last 12 months.
Quoting today’s numbers from Kiva’s statistics page:
| Total value of all loans made through Kiva: | $100,223,910 |
| Number of Kiva Lenders: | 585,070 |
| Number of countries represented by Kiva Lenders: | 185 |
| Number of entrepreneurs that have received a loan through Kiva: | 249,619 |
| Number of loans that have been funded through Kiva: | 142,801 |
| Percentage of Kiva loans which have been made to women entrepreneurs: | 82.72% |
| Number of Kiva Field Partners (microfinance institutions Kiva partners with): | 106 |
| Number of countries Kiva Field Partners are located in: | 49 |
| Current repayment rate (all partners): | 97.88% |
| 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.): | $404.87 |
| Average total amount loaned per Kiva Lender (includes reloaned funds): | $171.34 |
| Average number of loans per Kiva Lender: | 4.91 |
Will Kiva run out of goals now? Definitly not:
But we believe this is only the beginning . . .
Kiva is about dreaming big. The entrepreneurs on the website dream about big business; our Field Partners dream about financially including all of the poor; Kiva Lenders dream about ending poverty.
Kiva was a big dream before the idea of lending to someone on the other side of the world became a reality. Now we have big dreams about making Kiva the world’s hub for alleviating poverty.
This is a quote from a Kiva blogpost from October, which also give the strategic goals for the next 5 years:
- Raise 1,000 million US$ in loans over the internet
- Reach 2 million entrepreneurs around the world
- Realize our own self-sufficiency in the process.
Kiva has my support. Let me know, if I can do anything to win your support for Kiva.
