intern oreintation kiva 101
TRANSCRIPT
Kiva Intern OrientationApril , 2010
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“ “Capitalism takes a narrow view of human nature, assuming that people are one-dimensional beings concerned only with the pursuit of maximum profit.
Muhammad Yunus
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Kiva’s History
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Where we started: 2005 in Tororo, Uganda
Entrepreneurs50 entrepreneurs
Lenders 500
MFIs None
Risk 0% default rate
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Early Processes Did Not Scale
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US
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Cumulative loan volumeEntrepreneurs
210,000 loans to 394,000+
Lenders566,000+(899,375 users)
MFIs 210 MFIs in 58 countries
Risk < 2% default rate
Average Loan Size $381.66
2006$2m2006$2m
2007$18m2007$18m
2008$36m2008$36m
Nov 2009$100M
Nov 2009$100M
Where we are today: $ 200 M through 210 MFIs
*as of March 2011
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Kiva 101
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Traditional Microfinance
Microfinance Institutions
Microfinance Institutions
EntrepreneursEntrepreneurs
Banks and NGOs
Banks and NGOs
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Kiva’s Model
Money and stories are exchanged between lender and borrower through Kiva and the Microfinance Institution
You become the lender of a 0% interest loan
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The Kiva website lets you shop for loan requests, just like browsing items on eBay or another website
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Kiva lenders make 0% interest loans which are paid back at the end of the loan cycle. Over 98.6% of loans are paid back.
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Connected Capital
Photo Credit: Connecting Dotz
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Future of Kiva
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Our Vision for the Future
Entrepreneur Student Green Water
Loans that change lives
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Together… Momentum is accelerating
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Breaking the cycle in Africa
In just 5 years, Kiva funds more MFIs in post-conflict Africa than any other funder
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Departments at Kiva
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Kiva HQ
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Questions?