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When he brought up Grameen Bank as the kind of thing that TechCrunch wouldn't bother reporting on I became incredulous and thought "um, Kiva?" So I went to tech
by davidmathers 18y ago
When he brought up Grameen Bank as the kind of thing that TechCrunch wouldn't bother reporting on I became incredulous and thought "um, Kiva?" So I went to techcrunch.com to find their post on Kiva. Which doesn't exist. Not only have they never written directly about Kiva but when they mention it they characterize it as a p2p-lending site rather than as a microfinance organization.
- davidmathers 18y agoomfg. This is from the CrunchBase description of Kiva: "Kiva is alone in their business model of online p2p lending to entrepreneurs in developing countries as a nonprofit entity. Other p2p lending sites, like Prosper, Zopa and Lending Club, make lower-risk loans to people in the same country as for-profit entities. Online p2p lending is new and it is hard to maneuver around financial regulations to make higher-risk, international loans as a for-profit entity, which is partly why Kiva formed as a non-profit." Looks like these "new jounalists" could learn a bit from the New York Times: http://www.nytimes.com/2006/12/10/magazine/10section4.t-6.html http://www.nytimes.com/2006/12/10/magazine/10section4.t-6.ht...