East Africa Beta
Lending Partner since 2005 • Kenya, Tanzania, Uganda
Fundraising Status:closed
Risk Rating:
What to know about this Lending Partner
Impact Category:
General Financial Inclusion
Default Rate:
9.19%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$26,600
Loans at Risk Rate:
0%
Kiva Borrowers:
62
Delinquency Rate:
0%
Interests and Fees:
N/A
The very first loans funded through Kiva were posted in April 2005. Instead of being posted and administered by a formal Lending Partner or microfinance institution, these East Africa Beta loans were administered by a friend of Co-Founders, Matt Flannery and Jessica Jackley, who lived and worked in East Africa. To learn more about the beginnings of Kiva's work in East Africa, please read, "Kiva and the Birth of Person-to-Person Microfinance," authored by Matt Flannery, which was published in the Winter/Spring issue of Innovations by MIT Press.