SAN FRANCISCO — Kiva's loans to female entrepreneurs have exceeded $1 billion, the nonprofit announced on Monday.
More than 80% of Kiva loans go to women. Over the past two years, the organization has expanded its model — from a crowdfunding platform connecting lenders and borrowers to an effort to expand financial access globally. Kiva has reached 2.7 million women in 94 countries [a]with its loans, and the organization is exploring how it might also support women through impact investing.
Devex spoke with Goldie Chow, Kiva’s director of impact, about the evolution of the organization and the ways it plans to support financial inclusion for women moving forward.