Q: Kiva Microfunds founded on
-
A
2000
-
B
2005
-
C
2010
-
D
2015
B
Answer:
B
Explanation:
Kiva Microfunds (commonly known by its domain name, Kiva.org) is a 501(c)(3) non-profit organization that allows people to lend money via the Internet to low-income entrepreneurs and students in over 80 countries. Kiva's mission is to connect people through lending to alleviate poverty.
Since 2005, Kiva has crowd-funded more than a million loans, totaling over $1 billion, with a repayment rate of between 98 and 99 percent. As of November 2013, Kiva was raising about $1 million every three days. Over a million lenders worldwide use the Kiva platform.
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