The Success of Kiva.org

"Kiva is a philanthropic organization facing an extremely unusual challenge: maintaining adequate supply (people who need help) to meet demand (people who want to give it)."

...Kiva's success, as described in another article i have been meaning to post since it was published, (January 27, 2008) by The New York Times, called Extra Helping.

"Kiva has attracted more than $19.5 million worth of loans, from more than 220,000 individuals. [...] Kiva’s 23-person staff works with 77 “field partners” — microfinance institutions on the ground in 39 countries, who line up potential borrowers. About 250 volunteer translators and editors around the world post new requests as quickly as they can — which can mean gluts as well as shortages."

“We don’t want people coming to the Web site who want to make a loan and there’s no one to loan to,” Ramsey says.

Click here to read full article. Click here to visit Kiva.org. Hear former president Bill Clinton discuss Kiva by Clicking here.