Kiva microfinance loans touch $100 Million
- Thursday, November 5, 2009, 12:25
- Investments, Latest News
- 1 comment
Kiva.org
Microfinance Focus , Nov. 05, 2009 : Kiva.org , a peer to peer lending organization surpassed $100 million in microcredit loans provided in October, on the fourth anniversary of the website’s operations. Since launching in October 2005, Kiva.org has provided loans to more than 239,000 entrepreneurs in over 50 countries. 573,000 lenders have given through Kiva.org, lending over $100 million at the end of October 2009, an increase of nearly $60 million since the same time last year,According to a statement issued by KIVA.
KIVA is a US-based not-for-profit company which has pioneered the idea of online lending . It connects retail investors to microfinance borrowers and entrepreneurs across the world.
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We are also NGO under Societies Registration Act. We want know about your KIVA and its Microfinance online lending programme. We are looking for potential partnership with KIVA to get fund for micro lending in our rural area.