Kiva starts programme to let lenders lend directly to borrowers
Kiva’s normal way of operation is to lend to MFIs which lend to borrowers, their capital coming from lenders willing to lend online. It is now launching Kiva Zip, a programme which will let Detroiters lend directly to small business entrepreneurs directly, using PayPal kind tools, much like the basic model of the online lending platform of Zidisha. Read more here.
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