Kiva has achieved the third place in the American Express Members project vote (see earlier coverage “Kiva celebrates 3rd birthday“) and wins a 300,000 US$ grant. In a “Thank you” post Lyndsey Erikson, Kiva writes:
This grant money will help Kiva to enable $6 million in loans to an additional 12,000 developing world entrepreneurs over the next ten years.
Social lending site Kiva.org celebrates it’s third anniversary. In this time Kiva loans with a volume of approximately 45 million US$ have been financed by over 340,000 Kiva users worldwide. The repayment rate is quoted as 98.6% (see more stats).
Currently Kiva hopes to win a 1.5 million US$ grant in the American Express members project vote. Currently Kiva is second (which would mean a $500,000 grant). If you are an American Express card holder, you still have 7 days to cast your vote.
Kiva also announced a partnership with Ernst&Young. The objective is:
To help facilitate the transparent flow of information and funds between individual lenders, micro-finance institutions, and borrowers, which will ultimately help Kiva continue to grow and serve more entrepreneurs.
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