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.
Omidyar Network awarded a $5 million grant over 5 years, earmarked for developing Kiva's technology platform, expanding its network of field partners, and supporting due diligence and monitoring capabilities across Kiva's growing portfolio. As part of this grant, Omidyar Network matches up to $3.6 million of online and offline donations from individual Kiva supporters. These strategic contributions continue to fuel Kiva’s rapid operational growth with the support from a broad constituency base.