INDEX:Award 2009 | Kiva.org

Premal Shah, President of Kiva.org, has accepted the INDEX:Award 2009 in a ceremony at Copenhagen.

The Kiva design marries micro-lending and the Internet, facilitating more than 500,000 people so far to make very small loans (US$25 and up) directly to needy entrepreneurs in 52 countries. The system has a 98-percent repayment rate and lenders then have the option of getting their money back or applying it to the needs of other entrepreneurs. At the time of the award in August 2009, Kiva.org had generated more than US$86 million for small entrepreneurs. INDEX: Design to Improve Life gives the richest prize for design in the world -- 500,000 euros -- on a biennial basis, as the Danish government's outreach program for humanitarian design. Design to Improve Life is Denmark's INDEX: to a better world.

Category:

Nonprofits & Activism

Tags:

• INDEX
• Kiva
• Kiva.org
• Copenhagen
• Denmark
• Palo Alto
• California
• Premal Shah
• Matt Flannery
• micro-loan
• micro-lending