tjp580680 tjp580680

21-06-2024
Business

Answered

What is Kiva's approach to microfinancing?

A. Microcrediting
B. Command financing
C. Resource development
D. Free-enterprise capitalism
E. Crowdfunding

Answer :

GinnyAnswer GinnyAnswer

21-06-2024

Final answer:

Kiva facilitates microloans through crowd-sourced fundraising with a high repayment rate of 97%.

Explanation:

Kiva's approach to microfinancing involves facilitating microloans through crowd-sourced fundraising on their platform. Individuals can make small donations to borrowers in developing countries, who repay the loans with interest. This model has been highly successful, with a repayment rate of 97% among the poorest borrowers.

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