Kiva.org has expanded into a second Eastern European country with a new partnership with Microinvest
, in Moldova.
Microinvest was founded by The Soros Foundation
and launched in April 2003 with the purpose to create and develop micro and small enterprises by providing advisory and financial services. Microinvest's services target primarily those entrepreneurial initiatives which carry potential for development, but cannot meet the requirements for the commercial banks' credits.
Kiva.org is pleased to be in partnership with Microinvest and continuing our expansion into Eastern Europe. Please seeMicroinvest's website
for extensive information on their organization's history and loan portfolio.