Kiva Lending Team: Support MFIs with interest rates below 15%!
We loan because...
Following articles about the rising number of suicides in Andhra Pradesh, India due to the extortionate interest rates charged by some MFIs, we decided to support MFIs with interest rates below 15%.
www.businessinsider.com/hundreds-of-suicides-in-india-linked-to-microfinance-organizations-2012-2
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Impact Updated Hourly
5
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$250
Amount Funded
11
Loans
2.2
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