OpenIDEO is an open innovation platform. Join our global community to solve big challenges for social good. Sign Up / Login or Learn more


Recent comments

(1) View all

Sosai RE Company was very fortunate to get access to the DSE loan from Kiva and this is not the first support from Kiva ever. I know how Kiva works and I would love to support kiva in making its work easier. I think and believe that the Crwovetting would be a wonderful IDEA.especially if it allows for Kiva to support Entrepreneurs to a larger volume than they currently are. The riskiest assumptions are that p[eople may not pay back but with crowd vetting and differing people working on a loan document, this can be countered.
This would have been helped if the local banks had agreed to support Local entrepreneurs. but with interest rates going as high as 35% and payment periods ranging from 3-6months the entrepreneurs will only be indebted to the lenders for the rest of their lives.
This is a real problem and to ensure sustainable growth and development Kiva loans need to be supported to a high extent.
I look forward to the day Kiva would be able to advance an entrepreneur like myself with Lonas of about $500,000 so I can further loan entrepreneurs who work with me.