Finances
As of March 31, 2012, Kiva has distributed $300,209,450 in loans from 744,558 lenders. A total of 390,791 loans have been funded through Kiva. The average loan size is $392.13. Kiva's current repayment rate for all its partners is 98.94%. According to Alexa: The Web Information Company, Kiva's website ranks in the top 9,000 of all websites worldwide and ranks in the top 4,000 for the United States.
For the fiscal year of 2010, Kiva made $11,515,298 in total revenue and had $6,225,091 in total expenses, leaving $5,290,207 to invest. The organization's net assets in 2010 totaled $11,121,817. Kiva itself does not charge any interest rates on its loans because instead, they give it to microfinancing institutions for free. These microfinancing institutions then lend out money with very high interest, averaging over 30%. The organization's main sources of funding are grants, financial backing, and discounted services from many major national corporations and institutions. Chevron Corporation, Visa Inc., and Skoll Foundation awarded Kiva a two-year $1 million grant, $1.5 million grant, and $1 million grant respectively. Kiva also won a $1 million grant in Sam's Club's "Giving Made Simple" campaign and $500,000 in American Express's “Take Part” competition. Additionally, Omidyar Network awarded Kiva a $5 million grant over 5 years to help Kiva expand its field partners and support due diligence.
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