Tuesday, February 17, 2009

Kiva passes $60 million in loans

Kiva just surpassed the $60 million mark in loans through their microcredit platform. Kiva's target for 2009 is to lend another 60 million dollars matching what they did the first three years.

Here is a look at their current stats:

Total value of all loans made through Kiva: $60,226,510
Number of Kiva Lenders: 446,097
Number of loans that have been funded through Kiva: 85,996
Percentage of Kiva loans which have been made to women entrepreneurs: 77.94%
Number of Kiva Field Partners (microfinance institutions Kiva partners with): 95
Number of countries Kiva Field Partners are located in: 44
Current repayment rate (all partners): 97.74%
Current default rate (all partners): 2.26%
Average loan size (This is the average amount loaned to an individual Kiva Entrepreneur. Some loans - group loans - are divided between a group of borrowers.): $429.83
Average total amount loaned per Kiva Lender (includes reloaned funds): $134.90
Average number of loans per Kiva Lender: 3.69

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