Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Kiva hits $1 billion in loans to women

ImpactAlpha, October 7– Kiva is doing a lot these days to diversify the ways it promotes financial inclusion worldwide, but its crowdfunding platform is still the foundation of its work. The organization has reached a milestone, lending $1 billion to female borrowers, and $1.3 billion in all.

Women comprise 80% of Kiva’s borrowers. The 2.7 million women Kiva has supported since launching in 2005 live in 94 countries.

The diversity of Kiva’s female borrower base has taught the organization a lot about products and services that have the most impact on women’s financial inclusion, like loans that don’t require collateral or savings accounts, offering financial literacy training, or allowing community members to vouch for a borrower.

“It’s easy to count dollars,” Kiva’s Goldie Chow told ImpactAlpha. “What’s more difficult is getting into the weeds of how to encourage women’s financial independence and what products should actually look like, without being prescriptive.”

You might also like...