Moody's Field Specialist Program
As the microfinance market continues to grow at an accelerating rate, so does the need for globally comparable credit ratings that assess the credit worthiness of the microfinance institutions (MFIs). The ability to map microfinance ratings to expected loss or probability of default would prove extremely useful to potential investors.
Moreover, Moody's and Kiva both recognize the opportunity Kiva presents; not only does Kiva partner with MFIs of the highest standards, but engages with local microfinance profesionals who understand the local market, can work with current MFIs and identify new ones.
Omidyar Growth Challenge
Omidyar approached Kiva with a challenge. With its help, Kiva would scale to $1 billion in loans over 5 years and contribute to the development of a strong microfinance sector through investment in social performance audits, field partner expansion, due diligence, and investments in technology. The commitment, which marks the largest grant in Kiva’s history, reflects Omidyar Network’s focus on bringing microfinance to underserved markets as well as catalyzing social impact through technology.