I began micro-loaning with Kiva in 2008 and have written various articles on the subject. I’ve now given 24 loans in 17 countries. In one case, the local lending organization failed, impacting the loan repayment. In another, there was a small loss due to currency exchange values. But the rest of the loans have been doing fine – farmers, students, grocers, groups, and more. A small infusion has kept the process going and slightly expanded the number of loans I can make. The cost for me has been tiny compared to the impact. As the funds are repaid, I reloan them.
Kiva has recently released a video showing their history. It also gives a sense of it’s impact. This is a better repayment rate than in the west.