Another issue is the fact that almost all of the applications for loans on Kiva are funded. To study the loans that are funded is simply to study the applications. A more meaningful study would focus just on the few loans that are not funded. What are the characteristics of the loan applications that are rejected?
The truth is that almost all of the loans listed on Kiva are "prefunded" loans with their own funds. The loans are then posted on Kiva where people like me buy a $25 share of the loan. If a loan appliation expires, it doesn't mean the borrower doesn't get the loan. It merely means that the lender remains at risk for part of the loan that was already made.
Since basically all of the loan requests posted on Kiva get fully funded. The "bias" merely reflects an imbalance in those seeking loans, not a preference by the participants on Kiva.
Total value of all loans made through Kiva: $299,478,425
Number of Kiva Users: 1,151,940
Number of Kiva Users who have funded a loan: 742,131
Number of countries represented by Kiva Lenders: 218
Number of entrepreneurs that have received a loan through Kiva: 757,069
Number of loans that have been funded through Kiva: 389,950
Percentage of Kiva loans which have been made to women entrepreneurs:80.43%
Number of Kiva Field Partners: 146
Number of countries Kiva Field Partners are located in: 60
Current repayment rate (all partners): 98.94%
Average loan size (This is the average amount loaned to an individual Kiva Entrepreneur. Some loans - group loans - are divided between a group of borrowers.): $392.05
Average total amount loaned per Kiva Lender (includes reloaned funds): $260.29
Average number of loans per Kiva Lender: 7.95