Tim Ogden
P2P: today’s issue, not tomorrow’s
1 March 2010
Alliance magazine
Last autumn, the enormously popular American microfinance website Kiva began receiving the worst kind of attention. The site, which allows small donors to make interest-free loans via microfinance institutions in dozens of countries, was taken to task for giving users the impression that they were making loans to specific borrowers. In fact, the borrowers had already received loans, and Kiva’s users were lending money to microfinance institutions, not specific individuals.
