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.