Case Study

Kiva Harnesses the Power of Data to Change Lives

Kiva Harnesses the Power of Data to Change Lives

Pages 4 Pages

Kiva: A Customer Story From lending to women-run businesses in Mexico to funding clean water solutions in Kenya, microlending has the potential to change lives in tangible ways. Kiva.org is an innovative nonprofit that connects lenders with low-income entrepreneurs and students all over the world. Since it was founded in 2005 with the goal of alleviating poverty, Kiva’s global community of 2 million lenders have crowdfunded over one billion dollars in loans to 2.5 million people in 80 different countries. The process of matching lenders with borrowers begins when a borrower applies for a loan, either online or through a Kiva field partner. Once approved, the loan request is posted to Kiva’s website, where lenders can help crowdfund the loan for as little as $25. Lenders then recei

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