KIVA FIVE YEAR ANNIVERSARY

 

Today at Kiva we celebrate YOU!

Your commitment to KIVA’s mission is a cause for celebration

SOME NUMBER CRUNCHING BY JACKIE RYAN:  THANK YOU JACKIE ! 

First donation made on August 22, 2017 which means we have been doing this for 1808 days or 59.44 months or 4.95 years.

Our original investment  Amount to open account  -  $ 1580.21

Averages by month and year:

Donation to support the  Kiva  organization  is $26.25 total or 0.44 per month or  $ 5.29 annually.

We have donated a total of $6500.00 in loans or $109.35 monthly or $1312.22 annually.

We have been paid back a total of $5431.57. Monthly it is $91.37 and $1096.53 annually.

We have a total loss of $199.30. (that is 3 % default rate) Monthly it is $3.35 and $40.23 annually.

Some comparisons to consider:  Current Student Loan default rate is 15% .  Current default rate on First Mortgages in US is 36%