Microloan Comparison Chart

Microloan facts: Kiva, MyC4 and MicroPlace
Kiva.org MicroPlace.com MyC4.com
Launched November 2005 Summer 2006 May 2006
Who can become a lender? Anyone U.S. residents only Anyone; however, North Americans cannot make withdrawals
Average interest rate for lenders Zero 2 percent 12.80%
Lender can request specific interest rate No No Yes
# of borrower countries 42 29 6
Value of loans processed so far $45,714,935 not available 4,805,196 Euros
# of loans funded 64,073 47 2577
Current repayment rate 98.64% 100% 91.30%
Current default rate 1.36% 0% 0.72
Current # of borrowers 310,655 not available 2899
Percentage of loans made to women 77.70% not available not available
Average size of loan requested by borrower $458.36 not available 1,766 Euros
Average amount loaned $132.37 $135 not available
Loan duration 6-12 months not available 4-36 months
Current # of lenders 345,200 not available 8,378
* As of October 9, 2008

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.