Pareto Efficient

In search of pareto improvements

Join Our Lending Team!

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Kiva recently released a new Team Lending feature.  It enables groups of lenders to come group up around common interests, geographies, etc.  Loans made by team members are tracked through the group.

If you loan through Kiva, then we’d be honored if you loaned through our Lending Team.

Its a solid feature and their usage has spiked.  The growth in user base is great in the long-term, but tough in the short term because its severely limiting the availability of loans.

When we started, we chose Uganda for several reasons.  One key reason was the solid flow of loans out of Uganda.  You see, we didn’t want to run out of loan inventory…  Back then (3 months ago) there were 20+ Ugandan loans raising funds on any given day; hundreds worldwide.

Now, since Kiva usage is so high, there are ZERO Ugandan loans fundraising and ONLY 11 WORLDWIDE.

Loans that used to take 1-2 days to fund are literally being funded in a matter of minutes.  Its crazy.  This is obviously great – people who need funding are getting it quickly.  However, one of Kiva’s core value propositions is that of choice.  If the loan inventory isn’t increased to match this new lender demand, then you may see some lenders get frustrated.

We’re about 10 loans behind on the site, but we’re working on some things to make loans automatically.


Written by thetyson

September 27, 2008 at 7:59 pm

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  1. […] loans — waiting to make 10 more […]

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