Google Awards Kiva $3M Global Impact Award

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kivaGoogle has awarded Kiva a $3 million Global Impact Award. Kiva says it will use the award money to launch Kiva Labs, a new initiative that will deliver crowdfunded loans in the agriculture, clean energy, mobile information, and other transformative technologies space.

Over the next three years, Kiva Labs aims to generate $25 million in crowdfunded loans .

[Image courtesy: Kiva]