A Fistful Of Dollars: The Story of a Kiva.org Loan from Kieran Ball on Vimeo.
Some of the numbers speak for themselves: Kiva is only 39 months old. It has raised loans totalling $55,521,085 for low-income entrepreneurs in the developing world. Its repayment rate todate is 97% It has funded 125,496 entrepreneurs to date. There are over 400,000 Kiva users from 156 countries.
Recently, Wonga, unsecured small loans company - featured in a previous post - became a backer of Kiva.
Wonga is lending £1 interest-free, via Kiva, for every Wonga loan they process. To date Wonga has lent $14,475.
Many corporates are setting up similar schemes. What a great illustration of how the web enables previously impossible ideas!