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Kiva Microlending in the United States

By Scott Stadum, who most recently wrote A Missed Opportunity for Facebook Causes?


A few weeks ago, Kiva, which is widely known for their microlending work in the developing world, announced the launch of a small pilot lending program in the United States.

For the pilot, Kiva is partnering with ACCIÓN USA and Opportunity Fund with funding going to such projects as child care, construction, transportation services and catering.

Kiva's expansion into the U.S. seems like a logical next step and allows for them to become "a truly global organization," supporting entrepreneurial opportunities around the world. Of course, the launch hasn't gone without criticism; many ask whether this will divert attention and resources from Kiva's continuing work in developing countries. On the opposite side of the argument are those who are thrilled that lending opportunities will open up to people in the U.S. who otherwise would never see a loan from a bank.

I'm looking forward to watching how the pilot progresses and what other types of microentrepeneurial projects are included in the program. This particular model is clearly very successful; what are your thoughts on Kiva's expansion into the U.S.?