Posts by Hugh Sinclair
NB Financial Innovation
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NexThought Monday (2/10/14) – The Kiva Fairytale: It’s a microlending superstar – but who is it really serving?
Beloved by the public and celebrated by the likes of Bill Clinton and Oprah, Kiva is perhaps the most famous microlender in the world. It lets users lend small amounts via the Internet to individual low-income entrepreneurs, based on their personal stories and photos. But according to Hugh Sinclair, it’s focused more on making lenders feel good than on actually helping the poor.