April 17, 2011

Kiva Reaches $200-Million in Loans

By Nicole Wallace

Kiva—which uses the Internet to match entrepreneurs in developing countries with people who want to lend them money to build their businesses—this month announced it has helped arrange $200-million in loans.

The group, which was founded in 2005, reached the milestone a little more than a year after it reached the $100-million mark.

“In the past year, we have successfully leveraged the Kiva platform to reach new microloan markets, like loans for students, and