Kiva Launches Online Microfinance in the United States
Website That Pioneered Online Microloans to Entrepreneurs in Developing Countries Now Brings Same Opportunity to U.S. Entrepreneurs in Partnership With Maria Shriver, First Lady of California
Kiva's Roots in Microfinance
Founded as a means to combine the impact of microfinance with the utility of technology, Kiva.org has risen as a leader in global microfinance over the past 3 1/2 years. In May alone, Kiva.org users loaned $4.6 million to entrepreneurs, a 51 percent year-over-year increase and a record month for Kiva.org. Over $75 million has been loaned through Kiva.org to support more than 180,000 individuals from 44 developing countries.
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