Your guide to peer to peer lending

Microloan Comparison Chart

by Peter Renton on December 7, 2008

Microloan facts: Kiva, MyC4 and MicroPlace
Launched November 2005 Summer 2006 May 2006
Who can become a lender? Anyone U.S. residents only Anyone; however, North Americans cannot make withdrawals
Average interest rate for lenders Zero 2 percent 12.80%
Lender can request specific interest rate No No Yes
# of borrower countries 42 29 6
Value of loans processed so far $45,714,935 not available 4,805,196 Euros
# of loans funded 64,073 47 2577
Current repayment rate 98.64% 100% 91.30%
Current default rate 1.36% 0% 0.72
Current # of borrowers 310,655 not available 2899
Percentage of loans made to women 77.70% not available not available
Average size of loan requested by borrower $458.36 not available 1,766 Euros
Average amount loaned $132.37 $135 not available
Loan duration 6-12 months not available 4-36 months
Current # of lenders 345,200 not available 8,378
* As of October 9, 2008
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