1,000 loans on Kiva!
October 29, 2008 – 8:35 pmIf you're new here, I suggest you subscribe to my RSS feed. or bookmark this blog. You'll be able to easily keep up to date with new posts. Thanks for visiting!
Today I lent out my 1,000th loan. It was made to the Sugran Rafiq Mashi Group from Pakistan. I hope they are able to achieve everything they set out to do and hope them the best of luck. You can see my lender profile here.
In June of this year when I started to loan I had 6 loans total with Kiva. To go from 6 loans to 1,000 in a span of 5 months meant I averaged roughly 200 loans per month. That’s how much I truly believe in this cause.
However in the next few months I’m going to be scaling down my loaning activity. I’m not as comfortable having that much funds in Kiva anymore. Kiva’s rise in popularity also means my funds aren’t needed as much as loans are still getting funded in record times. If I do conribute to a loan it will only be at the minimum $25 from here on out as I want to give others a chance to get in and the risk of default is also diversified.
2 Responses to “1,000 loans on Kiva!”
Wow, congrats on your 1000th Kiva loan! You are clearly a Kiva power user. It sounds like you do have some concerns and may have insights into the business.
What do you think about similar model for US companies to connect to small businesses in the developing world? [Greater capital to create small business jobs beyond a simple 1 person operation.]
As a frequent Kiva user, how do you think web 2.0 (videos, blogs, chat, social networks, etc.) can play in building personal connections between supporters and microentrepreneurs?
Thanks for sharing your ideas. Great blog!
By Kevin Gormley on Nov 23, 2008
Personally, connecting to the person borrowing money isn’t imporant to me. My goal is to get capital out there to whoever needs it. A simple picture and text on Kiva describing what the borrower needs the money for is more than enough for me.
By hejustlaughs on Nov 29, 2008