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Funding for Small Businesses Through Kiva. October 2009. “Making microfinance easier...Kiva’s website is easy to use, even for local Cambodian staff who haven’t used computers that long”.
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Funding for Small Businesses Through Kiva October 2009 “Making microfinance easier...Kiva’s website is easy to use, even for local Cambodian staff who haven’t used computers that long” "Revolutionising how donors and lenders in the US are connecting with small entrepreneurs in developing countries”
Social Investor Kiva.org Online Marketplace Microfinance Institution Microfinance Client Profile What is Kiva?Kiva is an online platform that connects MFIs to social investors Kiva allows MFI partners to raise 0% capital from individual investors across the globe.
What is Kiva?Kiva is a significant new source of loan capital for MFI partners Total Loan Capital Raised on Kiva to Date • Key Stats • Size: Provided MFIs with over $95M+ in new loan capital since launch. • Growth: $1M loans / 5K new lenders every week. • User satisfaction: <10% of repaid loans withdrawn. • Brand awareness: > 40K visit per day/ +100M brand impressions/ lenders from over 150 countries. Kiva allows MFI partners to raise 0% capital from individual lenders across the globe.
Who are Kiva Lenders?Kiva is connecting everyday individuals to the microfinance industry • Who are Kiva Lenders? • 500,000 individuals • Average amount loaned: $120 • 100+ countries across the world • 50% of Kiva lenders are above 40 • Only 9% of Kiva Lenders consider themselves as being “very knowledgeable” about microfinance.
Who are Kiva’s MFI partners?Kiva currently is partnering with 103 MFIs in 49 countries Geographical Disbursement of Current Kiva MFI partners Ukraine Bosnia Mongolia Moldova Armenia Kyrgyzstan Bulgaria Azerbaijan Tajikistan United States Lebanon Iraq Afghanistan Gaza Nepal Haiti Pakistan Mexico El Salvador R. Dominicana Mali Guatemala South Sudan Honduras Vietnam Senegal Nigeria Togo Nicaragua Uganda Sierra Leone Cambodia DRC Costa Rica Liberia Kenya Benin Philippines Ghana Cameroon Rwanda Ecuador Tanzania Indonesia Peru Mozambique Bolivia Paraguay Samoa
How does Kiva Support Itself?Working towards self-sufficiency • “Tips” from loans • 90%+ of lenders “tip” • Interest on “Float” • Donations Kiva currently is ~70% self-sufficient – the goal is to be 100% self-sufficient in 5 years.
Kiva in the USWhy does Kiva work in the US? • Need exists everywhere • Millions of small business in the US cannot access funding • Small businesses create growth in economy and provide livelihood for many people • Kiva’s mission is to be a truly global company: people from any part of the world can participate • Can have a larger impact than just providing capital for MFIs: • Increase awareness about microfinance & need in the US • Source of referral for MFIs for potential clients • Growth of industry thanks to low cost capital
Potential Opportunities through KivaHow can Kiva support entrepreneurs on its site? Kiva is about connections • Increased awareness of internet by US entrepreneurs more connections between lender and borrower. • Opportunities for exposure through internet • Sharing experiences, lenders could be source of advice/support • Potential for market linkages • Marketing Opportunities
KivaThank you for your time Giovanna Masci Regional Director – The Americas giovanna@kiva.org +1 (415)-358-7516 +1-(301)-706-2648 Please visit our website at www.kiva.org