Kiva goes from $1m to $16m in one year!
Posted by Bryan on February 10, 2008
As a Kiva supporter (or ‘lender’ as they’re called) I always look forward to emails from them updating me on how the projects I’m helping fund are progressing. However their Holiday Newsletter made for an especially great read as it also provided details on what has been a truly incredible year for this wonderfully innovative charity, using the power of online social networking to enable everyday donors to directly support micro enterprise projects around the world.
Apparently they now have over 170,000 individual lenders from over 71 countries, supporting 25,000 small business entrepreneurs across 37 countries – with the loans total now over $16million.
Those are some amazing numbers for an organisation which this time last year had only just passed the $1million mark!
And a fantastic example of how really big amounts can be raised online through a truly innovative ‘Community Fundraising 2.0′ approach.
