| Microloan facts: Kiva, MyC4 and MicroPlace | ||||||||
| Kiva.org | MicroPlace.com | MyC4.com | ||||||
| Launched | November 2005 | Summer 2006 | May 2006 | |||||
| Who can become a lender? | Anyone | U.S. residents only | Anyone; however, North Americans cannot make withdrawals | |||||
| Average interest rate for lenders | Zero | 2 percent | 12.80% | |||||
| Lender can request specific interest rate | No | No | Yes | |||||
| # of borrower countries | 42 | 29 | 6 | |||||
| Value of loans processed so far | $45,714,935 | not available | 4,805,196 Euros | |||||
| # of loans funded | 64,073 | 47 | 2577 | |||||
| Current repayment rate | 98.64% | 100% | 91.30% | |||||
| Current default rate | 1.36% | 0% | 0.72 | |||||
| Current # of borrowers | 310,655 | not available | 2899 | |||||
| Percentage of loans made to women | 77.70% | not available | not available | |||||
| Average size of loan requested by borrower | $458.36 | not available | 1,766 Euros | |||||
| Average amount loaned | $132.37 | $135 | not available | |||||
| Loan duration | 6-12 months | not available | 4-36 months | |||||
| Current # of lenders | 345,200 | not available | 8,378 | |||||
| * As of October 9, 2008 | ||||||||
Teaching the World About Peer to Peer Lending
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