When we reported on Kiva.org's decision to open up its micro-lending platform to U.S. entrepreneurs, Kiva CEO Premal Shah told us he was concerned about backlash in the community. Shah acknowledged that the decision to open lending to U.S. recipients may draw criticism because it goes against the idea on which Kiva was founded—lending to help development in third world countries where credit options are limited. It looks like Shah's prediction was correct.

Topics:  unhappy kiva lenders.   ceo premal shah   u.s    shah   usa   backlash   entrepreneurs   community   team   platform   decision   open   countries   world   lending   

 

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