SEM raised money for its borrowers entirely from the online microlending portal Kiva, but struggled with delinquent loans, with its portfolio reaching a high of 77.4% delinquency in December, 2010.
SEM raised money for its borrowers entirely from the online microlending portal Kiva. However, SEM began to struggle with delinquent loans in the year following her departure, with its portfolio reaching a high of 77.4% delinquency in December, 2010.