Friday, January 21, 2011

Fascinating. I just went to Kiva and found that they have no loans available. Apparently there are more Kiva funders than micro-borrowers.

The site says this is likely to be a temporary outage. (The equivalent of the Twitter FailWhale). But what does it say about the global economy? Is it a sign of a world-wide depression that there are so few entrepreneurs borrowing? Or a "savings glut" that so many people are moving into micro-lending? Are the Kiva partners proving to be an inefficient bottle-neck? Are entrepreneurs too risky a bet for Kiva to consider them?

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