Today, Kiva executed our largest writeoff to date. We forgave $2,001,388 in loans from our lending partner Al Majmoua in Lebanon, a country that has been facing an unprecedented economic and political crisis since 2019. We first partnered with Al Majmoua, a nonprofit microfinance institution, in 2007 and together have facilitated over $25M in loans...Continue Reading >>
Kiva Blog Updates
This story comes from Lev Plaves, Kiva’s Senior Investment Manager for Refugees & Displaced Populations.
Lebanon is a country that has been close to my heart, personally and professionally, for over a decade. I loved my first visit in 2009 as a tourist and one of the things that excited me most about joining Kiva in 2012 was the opportunity to oversee our lending in Lebanon. Over the past eight years, I have been inspired by the work our three Field Partners are doing in the country and more than a dozen visits to Lebanon have made...