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Kiva Microloans: Not Just for Developing Countries Anymore

Kiva is shifting some of its energy to microlending in Detroit, New Orleans, and Los Angeles.

Kiva might have started as a microloan tool for entrepreneurs in developing countries, but the nonprofit has recently turned its attention to American cities, partnering with groups in Detroit and New Orleans as part of its Kiva City initiative. Last week, Kiva City officially launched in Los Angeles, announcing 13 initial L.A. loans in a press conference at Café 22, a recipient of one of those loans.

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