Kiva is getting into small business lending in the US. Very interesting. I bet the default rates go way higher than in their traditional micro-loan sweet spot of developing world micro-loans. I think the U.S. is different culturally.
Will be a fascinating experience. Good for Kiva for trying something new.
Kiva Piloting Microlending For U.S. Small Biz, Clinton Says It’s ‘A Very Big Deal’ | TechCrunch:
