Assertion Partly supported AI assessment confidence: 88% certainty 4/5 debate potential 1/5

Mohnot: Kiva has deployed several billion dollars in 0% interest loans

Sheel Mohnot · Sheel Mohnot, Better Tomorrow Ventures on his journey from Fintech Entrepreneur to Fintech VC · Aug 3, 2020 · at 1:37

Sheel Mohnot, co-founder of Better Tomorrow Ventures, discusses his early work at the micro-lending non-profit Kiva.

0:00 / 0:07exact quote · 7.8s

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“And, you know, through that, through the course of Kiva, we've done several billion dollars of loans, all at zero percent interest.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Kiva has facilitated several billion dollars in loans at zero percent interest.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

The claim bundles two assertions that are only partially accurate. First, regarding loan volume: as of August 2020, Kiva had facilitated approximately $1.45 billion in cumulative loans (reaching $1.5 billion by year-end 2020), which falls short of 'several billion dollars.' Kiva did not cross the $2 billion threshold until 2023, and reached $2.4B–$2.5B by 2025/2026. Second, regarding interest rates: while individual lenders contribute capital at 0% interest and Kiva provides capital to Field Partners at 0% interest (with some programs like Kiva U.S. offering 0% direct loans), the vast majority of end-borrowers do pay interest and fees charged by local Field Partners to cover operational costs.

Kiva official reports show cumulative loans facilitated stood at ~$1.44 billion in May 2020 and ~$1.5 billion by the end of 2020, not reaching $2 billion until 2023.
Kiva's lending model is 0% interest for lenders, but local Field Partners charge interest to end-borrowers for the majority of international microloans.

Checked against

[1] hitachi.com [2] cisco.com [3] scribd.com [4] causeartist.com [5] guidestar.org [6] kiva.org [7] causeartist.com [8] kiva.org

"2 billion" "loans" "kiva" "2023" OR "2022" OR "2021" "Kiva" "annual report" "2020" "loans" OR "funded" "kiva" "billion" "2020" "cumulative" OR "to date" OR "since 2005" Kiva impact statistics 2020 OR 2019 cumulative loans Kiva cumulative loans facilitated 2020 OR 2019 annual report Kiva total loans funded August 2020 billion "1.4 billion" "Kiva" "2020" OR "2019" Kiva total loans 2020 billion zero percent interest

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Kiva

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