Repayment Findings Verify Financial Credibility for Thousands of Syrian Refugees and Displaced Populations Across Six Countries
96.6% Refugee Repayment Rate Matches Traditional Loan Pay-Back and Challenges Economic Assumptions
Press Release – San Francisco, CA – June 20, 2018 – Kiva, the international nonprofit connecting people through lending to alleviate poverty, today released its first World Refugee Fund (WRF)—Impact Report. Since 2016, the organization has funded loans to thousands of refugees and internally displaced people (IDPs) around the world. This inaugural World Refugee Fund impact statement clearly indicates that refugees who have endured unthinkable violence and living conditions are capable of demonstrating the highest possible loan pay-back behavior—repaying financial assistance as quickly and completely as the average global borrower. Kiva’s findings directly counter the misconception that lending to refugees and internally displaced people is “too risky.”
Refugees oft…