Was invited to give a guest lecture at microfinance post-graduate class at Pace University, New York. Structured as a part lecture, part focus-group with the students, the class surfaced interesting discussions into the promising future of leveraging innovations elsewhere in the sharing economy and low-cost digital connectivity/payment mechanisms to further unlock idle capital to tackle small business financial exclusion in the USA.
2. “We are all familiar with the concept of a
Church with no walls...
...Kiva Zip is a new kind of wonder - a
lending organization with no physical
bank, no profit, and no interest. It exists
purely.....on faith.”
Ted Jefferson, Bronx Shepherds Restoration Corporation introducing
Kiva Zip to fellow leaders of faith-based organizations
15. What IF ?
No branches or staff, 0% interest, no
zero marginal cost profit, no fees
No credit Character &
scoring Competence
No collections agency *Trust* via
connectedness
Target “risky”/ low Get crowd to fund
income / unsexy /new startups other 15
startups lenders cannot
16. How Kiva Zip works in practice:
Victor’s Cafeto Coffeeshop
Kiva Zip Story
16
26. Examples of Organizations
partnering Kiva Zip as trustees
SYRACUSE UNIVERSITY
Institute for Veterans & Military Families
SEEDSPOT
Incubator, AZ
GREENHORNS
nonprofit, small farm-innovation
Oakland City Church
(Pastor Josh McPaul)
TEAM ETSY LITTLE ROCK
Community Center for African American Business
St Louis, MO
26
29. Don’t need a special idea, or great
marketing or videos to get funded
38%
27%
Food
9% Shops
Access, Craft
Contractors, Cleaners, Mechanics
5%7% 8% Farms
tech/apps
7% other