March 18, 2013
By Bob Coleman
Editor, Coleman Report
Kiva.org is the non profit micro lender that has also teamed with several small business development centers, including Valley EDC in Los Angeles.
Kiva is close to passing one million lenders also.
Kiva’s community of 900,000 lenders crowdfund more than $1.5 million in loans per week.
Kiva claims a repayment rate of 98.9%, where lenders are able to relend their money again and again, or withdraw it from the system.