What Makes Kiva Stand Apart?

Kiva pic
Kiva
Image: kiva.org

A successful investor and hotel regeneration expert who purchases and reinvigorates underperforming hotels as part of his work with Pinnacle Hotels USA, a company he founded in 1998, Bharat Lall brings 20-plus years of hospitality-industry experience to the profession. Also a philanthropist, Bharat Lall supports Kiva, which offers loans to budding entrepreneurs to help them realize their potential.

One of the earliest adopters of crowdfunding technology, which websites like Kickstarter have gone on to make famous, Kiva provides a platform that brings together entrepreneurs and lenders. Entrepreneurs are able to obtain funding from hundreds of small lenders via the platform, while the lenders have the opportunity to invest in projects they really believe in.

This model lowers the fees borrowers often have to contend with when trying to launch projects, while increasing the likelihood of lenders receiving their loans back in full so the same money can be used to help others, either in local communities or locales across the world.

Thus far, the organization, which takes nothing from the funds offered by lenders, has distributed close to $1 billion in loans to borrowers in over 80 countries. Further, the platform has a loan repayment rate of over 97 percent.

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