Jeremy 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: