I don’t mean to knock Kiva, but it is not what Finobra wanted to do in significant ways. Kiva relies on donations for its own survival; only Finobra’s NGO, Khallma, received donations, and only as another source of funding for projects. Kiva used intermediaries that charged the borrower interest, sometimes at very high rates; Finobra used an equity model instead, and Finobra S.A. provided all business services as an intermediary. And finally, Kiva lenders received no profit or interest, only the unreliable return of principal. Although it has been successful and it is hard to argue with success, I can’t understand why lenders would do this and can’t imagine this model working long term. How long will lenders remain active, driven by a sense of community and philanthropy?