Kiva
Kiva
Solution Overview & Benefits
Kiva uses crowdfunded microloans as a force for good, creating a space where people can have one-to-one impact, and together, expand financial access for all.
- Interest: 0% interest
- Loan amounts: $1,000–$15,000
- Repayment terms: 6 months–3 years
- Repayment frequency: Monthly
- No minimum credit score: Kiva considers character and personal networks instead of credit history
Kiva partners with microfinance institutions, nonprofits, and other organizations to disburse loans. Kiva doesn't charge fees to lenders or borrowers.
History & Development
More than 1.7 billion people around the world are unbanked and can’t access the financial services they need. Kiva is an international nonprofit, founded in 2005 in San Francisco, with a mission to expand financial access to help underserved communities thrive.
They do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world.
Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.
By lending as little as $25 on Kiva, you can be part of the solution and make a real difference in someone’s life.
100% of every dollar you lend on Kiva goes to funding loans.
Availability
- Publicly available: yes
- Countries where available: Worldwide
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