A recent report by United Nations Children's Fund (UNICEF) shows that around the world, more than 1.2 billion people live in poverty, in part due to structural and governance problems but mostly because they don’t get opportunities to lift themselves out of poverty. For these people, an opportunity to raise as little as Sh2,500 can present an opportunity to start a small business that can go a long way to fighting poverty.
Digital lending is now increasingly helping meet these financial needs. The story of Kiva, is arguably the most remarkable tale of alternative and modern sources of credit where entrepreneurs engage in peer-to-peer lending to support small businesses for people in diverse regions in the world.
