“The most successful ventures depend on that initial spark from angel investors,” Hoffman says. “Kiva’s model gives us all the ability to connect and make change possible for entrepreneurs around the world who have opportunity but lack capital.”
According to Premal Shah, Kiva president, in 2011 Kiva lenders funded nearly 125,000 loans totaling $90 million, with the average loan funded in just over 5 days.
NOW WATCH: Ideas videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.