Kiva (organization): Difference between revisions

Revision as of 03:20, 16 October 2006

Revision as of 16:19, 23 October 2006

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[[Image:Kiva_banner.png|thumb|175px|right|Kiva logo and slogan]]

'''Kiva''' is a [[501c3]] [[non-profit]] organization with a mission to connect people through loans for the sake of alleviating global [[poverty]]. Leveraging the [[internet]] and a worldwide network of [[microfinance]] institutions ([[MFI]]s), Kiva lets individuals lend as little as $25 to help fund small businesses run by low-income entrepreneurs around the world.

Loans made on Kiva.org are currently 0% interest loans and have a historical repayment rate of 96%. Kiva is working with regulators to allow MFIs to offer variable interest rates to lenders.