Ariah from Trying to Follow writes about one of his Kiva loans defaulting with $12.60 due. He took time to track down what went wrong and explains it in his blog post.

The default rates on Kiva loans are extraordinarily low, considering that few – if any – of the people have any experience with credit in the past.

The loans I’ve issued are currently up to date. If you haven’t given Kiva a try, it’s worth lending $25 just to understand what Kiva is all about.