Yes, but Kiva has very high level control over two factors
1) Who they lend with
2) Whether or not to continue lending with them.
All the partnerships with these MFIs has a clause in the contract where Kiva can pull out at any time if it finds the MFI is engaging in questionable practices.
They also do a surprising amount of research on which MFIs they work with. If the MFI doesn't pass a social impact assessment, then they don't make it past there.
I actually think Kiva does a better job of investigating MFIs than most VCs/angels do when investing in startups. It would make for a great blog post if I was able to divulge all the details :-/
All the partnerships with these MFIs has a clause in the contract where Kiva can pull out at any time if it finds the MFI is engaging in questionable practices.
They also do a surprising amount of research on which MFIs they work with. If the MFI doesn't pass a social impact assessment, then they don't make it past there.
I actually think Kiva does a better job of investigating MFIs than most VCs/angels do when investing in startups. It would make for a great blog post if I was able to divulge all the details :-/