Just in time for their big 4th birthday celebration this week in Berkeley, Kiva announced yesterday that they had officially hit $100,000,000 in loans. In a blog post on the site, President Premal Shah said that the group had hit the milestone with donations from 584,189 lenders.
This is a huge accomplishment. The level of engagement that Kiva has engendered and the excitement around the model are a major force for good in the social entrepreneurship space. Despite recent questions about marketing practices, Kiva has helped average people participate in a newer model of international development that, if no panecea, has much to recommend it.