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This paper reports the results of a large-scale field experiment designed to test the hypothesis that group membership can increase participation and prosocial lending for an online crowdlending community, Kiva. The experiment uses variations on a simple email manipulation to encourage Kiva members to join a lending team, testing which types of team recommendation emails are most likely to get members to join teams as well as the subsequent impact on lending. We find that emails do increase the likelihood that a lender joins a team, and that joining a team increases lending in a short window (1 wk) following our intervention. The impact on lending is large relative to median lender lifetime loans. We also find that lenders are more likely to join teams recommended based on location similarity rather than team status. Our results suggest team recommendation can be an effective behavioral mechanism to increase prosocial lending.

Aujourd’hui plus de 3 000 agriculteurs sont inscrits sur la plate-forme mobile. En 2016, en travaillant avec un partenaire financier, FarmDrive a permis d’attribuer environ $130 000 de prêts à 400 agriculteurs.

M-PESA is a very popular service among Kenyans as it serves to increase money circulation in the economy by offering a fast and secure mode of transferring money, making payments and also borrowing and repaying loans.

FarmDrive, a Kenyan enterprise, connects unbanked and underserved smallholder farmers to credit, while helping financial institutions cost-effectively increase their agricultural loan portfolios.

Kiva, a nonprofit founded in 2005, has chosen to make Waco a “Kiva Hub,” the first city in Texas to receive such a designation

He welcomed small business needing a loan up to $15,000 to contact Startup Waco, headquartered at 605 Austin Ave.

The Waco City Council gave the local Kiva Hub a financial kick-start, awarding it a $50,000 grant. Passavant said he hopes to approach individuals and foundations about putting additional money behind Kiva.

Despite the fact peer-to-peer lending has numerous benefits over the classic model, it also has certain potential drawbacks, such as lower level of security and personal guarantees as compared to bank loans. This is why only the most reputable P2P lending marketplaces with a positive track record are potentially able to boost the entire fintech industry.

Zambia's Investrust Bank launched InvestMobile, its mobile banking service. The product will be rolled out to existing account holders before being extended to unbanked communities. InvestMobile works from the handset, providing an account summary of the last seven transactions and supporting payment of bills to various utility companies such as Lusaka Water and Sewerage Company and MultiChoice. Customers will be able to view status on accounts such as term deposits, loan statements and positions on cleared or uncleared cheques and make transfers within the bank and to external accounts at

Kiva connects your American dollars with a female Palestinian farmer looking for capital to invest in fertilizer, or a Peruvian motorcycle business that needs money to buy tires to resell. On Kiva’s web site right now, Samar from Jordan is looking for a loan to buy a sewing machine to support her embroidery shop, and Julius in Kenya is seeking funds for flour and oil for his catering business. These are real people with real stories, and by investing in them, you help make the world a smaller place.