Document Type

Article

Publication Date

9-1-2008

Publication Title

Institute of Management Accountants Educational Case Journal

Volume

1

Issue Number

3

First Page

1

Last Page

8

Keywords

Kiva, interest, lenders

Disciplines

Business

Abstract

The case covers Kiva, a 501(c)(3) tax-exempt charity working in the microfinance industry. Through it, people lend money to the working poor of the Third World. Lenders select businesses from the website. They then receive periodic updates and can reclaim the paid back loans, donate the money, or lend the paid principal again. The dilemma faced by Kiva's leadership team is whether or not to pay lender’s interest.

Comments

Copyright © 2008 Institute of Management Accountants, Inc.

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