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?