028: Kiva Mormons

JeremyFooteFamilyPic_FotorJeremy Foote, one of the captains of the Kiva Mormons lending team, joins us in a long-awaited look at the best kept secret of Mormons in microfinance. Kiva.org is a nonprofit that alleviates poverty around the world by connecting people who want to give back with entrepreneurs in developing countries. These borrowers later repay the loan, which allows each lender to take their money back or re-lend to another borrower.

Kiva lenders often form into teams of like-minded individuals. The Kiva Mormons team has almost 1,500 members (#3 of all religious teams) and has already loaned over $1.5 million dollars (the third highest amount within the religious category).

Jeremy Foote is studying Media, Technology, and Society at Purdue University in Indiana. His wife Kedra, also a Kiva Mormons captain, works as the mom of their two young kids.

Kiva.org Stats (since being founded in 2005):

  • 1,019,117 Kiva lenders
  • $502,288,025 in loans
  • 99.00% Repayment rate

Kiva works with:

  • 230 Field Partners (who administer loans to borrowers)
  • 450 volunteers around the world
  • 73 different countries

Kiva Mormons stats:

Kiva Mormons stats

  • dstoke

    It would be interesting to see comparative stats on the PEF, I don’t have hopes that we will ever see them. Maybe someday Kiva will power closed community lending that the church could utilize. In the meantime the founder of Kiva has teamed up with another Ashoka Fellow and they are experimenting with a thing called Puddle. It basically takes the village savings circle model online. It could be a potential Mormons lending to Mormons in a P2P environment of trust. Puddle…keep your eye on it.

    • davedd233

      Very cool, dstoke. I hadn’t heard about Puddle. I’ll have to check it out.