Are Kiva loans legit?
Is Kiva a legitimate organization? Yep, Kiva is legit. It's been around for 15 years, and over 2.5 million people have borrowed through Kiva.
Can you make money on Kiva?
Well, we're a non-profit so we don't make money in the traditional sense. For a lender on Kiva, you don't make money. The repayment rates have been traditionally 96%, so you'll lose a little bit of money but that money when it does come back can be relent. We have people who have been on the platform for many years.
Is Kiva still a thing?
Over the years, Kiva has made loans totaling over $1.1 billion. About $100 million of that is currently outstanding. And most of the rest has been collected and returned to the 1.7 million lenders—many of whom reinvest the money in Kiva loans. Kiva's operating costs are funded primarily by tips.
Is Kiva a good company?
Value - 2.5/5. Overall, Kiva's will not be the best loan option for most businesses. Since Kiva is a microlender whose nonprofit mission is to help alleviate poverty, the loan amounts are much lower than traditional bank loans or other working capital loans.