MICROCAPITAL BRIEF: “Intercontinental Ballistic Microfinance” Video Shows Graphic Of Kiva’s Worldwide Microlending Activities

Kiva, a US-based online portal allowing individuals to make loans to microfinance institutions (MFIs), recently posted a video simulation of the flow of funds between its lenders and borrowers across the globe from its incorporation in 2005 until 2011.

To date, Kiva reports that it has raised USD 244 million from 625,000 individual lenders in 216 countries that has been on-lent by microfinance institutions to 629,000 microfinance borrowers in 60 countries.

The video can be accessed at http://vimeo.com/28413747.

By Kristha Abores, Research Associate

About Kiva:

Incorporated in 2005, Kiva is a US-based online portal allowing individuals to make loans to microfinance institutions (MFIs), which then make loans to people with low incomes. Kiva partners with microfinance institutions (MFIs) in 60 developing and rich countries. As of September 2011, Kiva reports that: it has engaged 990,000 users, 625,000 of whom have funded a loan; 81 percent of loans have been made to women entrepreneurs; the repayment rate on these loans is 98.9 percent and the average loan size is USD 385.

Sources and Additional Resources:

[1] The Atlantic: “’Intercontinental Ballistic Microfinance’: A Wonderful Visualization”, http://www.theatlantic.com/international/archive/2011/09/intercontinental-ballistic-microfinance-a-wonderful-visualization/244414/

MicroCapital.org article, May 5, 2011, “MICROCAPITAL BRIEF: 17 Websites Now Allow Individuals to Commit as Little as USD 20 as Microfinance Loans”, https://www.microcapital.org/microcapital-brief-17-websites-now-allow-individuals-to-commit-as-little-as-usd-20-as-microfinance-loans/

MicroCapital.org article, April 28, 2011, “MICROCAPITAL BRIEF: Kiva Intermediates “Green Loans” From Individuals to Promote Clean Energy Efforts Worldwide” https://www.microcapital.org/microcapital-brief-kiva-intermediates-green-loans-from-individuals-to-promote-clean-energy-efforts-worldwide/

MicroCapital Universe Profile: Kiva, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Kiva

Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/

 

 

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