Connecting people through lending for the sake of alleviating poverty<br />December 2009<br />
Where are we today?Kiva’s combines 2 powerful forces to achieve mission<br />Power of <br />Internet<br />to connect peopl...
Kiva Core Beliefs<br />Vision<br />Everyone connected.  Everyone empowered.<br />Mission<br />Connecting people through le...
Key Stakeholders of the Kiva Fellow<br />
Key Stakeholders of the Kiva Fellow<br />
Kiva Homepage: www.kiva.org<br />6<br />
A simple story: this is a real person!<br />
From Everyday Survival to Planning for the Future<br />Access to financial services<br />Increase & diversify incomes<br /...
Power of Microfinance<br />Microfinance means building financial systems that serve the poor<br />Poor people need a varie...
<ul><li>Destitute people with no income or means of repayment need other kinds of support before they can make good use of...
Where possible, such services should be coupled with building savings.</li></ul>Microcredit is not always the answer. Micr...
Regulatory Environments<br />Interest rate ceilings hurt poor people by making it harder for them to get credit<br />The r...
Sustainability & Transparency<br />Microfinance is about building permanent local financial institutions<br />Microfinance...
Kiva 101: How does it work?<br />Online marketplace<br />Local Partner<br />(MFI)<br />Entrepreneur<br />Internet<br />Len...
How Kiva tries to make it “Fun” Rich user generated content, changing fast...<br />14<br />Real time un-edited progress up...
15<br />How Kiva tries to make it “Easy” Designed for everyday people, not affluent experts<br />“I can see the person I’m...
Where does Kiva work?<br />Kyrgyzstan<br />Afghanistan<br />Azerbaijan<br />Tajikistan<br />Ukraine<br />Bosnia<br />Leban...
+602,000 social investors have lent +$105M in first four years<br />5 yr goal = $1 Billion<br />Other Key Stats<br /><ul><...
 Risk: 3.5% delinquency rate / < 0.5% default rate
 MFI Portfolio: 100+ MFIs in 42 countries.  Growing 3 a month.
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Kiva preso mit120109

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Kiva preso mit120109

  1. 1. Connecting people through lending for the sake of alleviating poverty<br />December 2009<br />
  2. 2. Where are we today?Kiva’s combines 2 powerful forces to achieve mission<br />Power of <br />Internet<br />to connect people<br />Power of <br />Microfinance<br />to alleviate poverty<br />+<br />=<br />Through field work, Kiva Fellows strengthen connections between Kiva’s stakeholders in order to alleviate poverty<br />
  3. 3. Kiva Core Beliefs<br />Vision<br />Everyone connected. Everyone empowered.<br />Mission<br />Connecting people through lending for the sake of alleviating poverty. <br />Core Beliefs <br />Power of Microfinance<br />Partner Relationships<br />Transparency<br />Spread of Technology<br />Lending is Connecting<br />Sustainability<br />Industry Inclusion<br />
  4. 4. Key Stakeholders of the Kiva Fellow<br />
  5. 5. Key Stakeholders of the Kiva Fellow<br />
  6. 6. Kiva Homepage: www.kiva.org<br />6<br />
  7. 7. A simple story: this is a real person!<br />
  8. 8. From Everyday Survival to Planning for the Future<br />Access to financial services<br />Increase & diversify incomes<br />Build assets<br />Courtesy of CGAP: Consultative Group to Assist the Poor, http://www.cgap.org/direct/<br />Mitigate risk<br />Plan for the future<br />Make choices<br />Increase food consumption<br /> Invest in education & health<br />Invest in housing, water, sanitation<br />
  9. 9. Power of Microfinance<br />Microfinance means building financial systems that serve the poor<br />Poor people need a variety of financial services<br />9<br />Savings<br />Loans<br />Right Product<br />Right Price<br />Right Time<br />Insurance<br />Cash Transfer Services<br />
  10. 10. <ul><li>Destitute people with no income or means of repayment need other kinds of support before they can make good use of loans.
  11. 11. Where possible, such services should be coupled with building savings.</li></ul>Microcredit is not always the answer. Microcredit is not the best tool for everyone or every situation.<br />
  12. 12. Regulatory Environments<br />Interest rate ceilings hurt poor people by making it harder for them to get credit<br />The role of government is to enable financial services, not to provide them directly<br />11<br />
  13. 13. Sustainability & Transparency<br />Microfinance is about building permanent local financial institutions<br />Microfinance can pay for itself, and must do so to reach very large numbers of poor people<br />The key bottleneck is the shortage of strong institutions and managers<br />Donations and subsidized funds should complement private capital, not compete with it<br />Microfinance works best when it measures - and discloses - its performance. <br />12<br />
  14. 14. Kiva 101: How does it work?<br />Online marketplace<br />Local Partner<br />(MFI)<br />Entrepreneur<br />Internet<br />Lender<br />Money<br />Information<br />
  15. 15. How Kiva tries to make it “Fun” Rich user generated content, changing fast...<br />14<br />Real time un-edited progress updates from around the world…<br />Loans are fully funded in hours (MFI staff love this)…<br />‘Popular’ entrepreneurs rapidly rise to the top…<br />Transactions happen every 37 seconds…<br />Randomized “1 minute of fame “ for Lenders…<br />
  16. 16. 15<br />How Kiva tries to make it “Easy” Designed for everyday people, not affluent experts<br />“I can see the person I’m lending to…”<br />Low cost to entry<br />Quick and easy checkout<br />Business relationship based on mutual dignity, not pity<br />
  17. 17. Where does Kiva work?<br />Kyrgyzstan<br />Afghanistan<br />Azerbaijan<br />Tajikistan<br />Ukraine<br />Bosnia<br />Lebanon<br />Palestine<br />Mali<br />Mexico<br />Philippines<br />Iraq<br />D.R.<br />Senegal<br />Vietnam<br />Sierra Leone<br />Honduras<br />Cambodia<br />Rwanda<br />Kenya<br />El Salvador<br />Uganda<br />Guatemala<br />Ghana<br />Nicaragua<br />Togo<br />Peru<br />Benin<br />S.Sudan<br />Cameroon<br />Indonesia<br />Bolivia<br />Tanzania<br />Paraguay<br />Samoa<br />Mozambique<br />
  18. 18. +602,000 social investors have lent +$105M in first four years<br />5 yr goal = $1 Billion<br />Other Key Stats<br /><ul><li> Growth: $1M loans every 10 days.
  19. 19. Risk: 3.5% delinquency rate / < 0.5% default rate
  20. 20. MFI Portfolio: 100+ MFIs in 42 countries. Growing 3 a month.
  21. 21. Traffic: 100,000 site visitors a week.
  22. 22. Organization:40 employees / +450 volunteers
  23. 23. Leverage: Platform raises $10 in loans for every $1 donated.</li></li></ul><li>Change Lives: Translators<br />Apply Today<br />www.kiva.org/volunteer<br />What Are the Requirements?<br />What Is the Kiva Translation Program?<br />What Languages Are Needed?<br /><ul><li>Kiva seeks volunteers with:
  24. 24. High-level proficiency in a foreign language
  25. 25. Excellent writing skills in English
  26. 26. Ability to commit to two hours per week for three months as a volunteer
  27. 27. Check email frequently and comfortable using new technology</li></ul>Previous translation experience is helpful, but not required.<br />Kiva.org is the first person-to-person micro-lending website, lending directly to entrepreneurs in developing countries.<br />Volunteering from their own homes, Kiva volunteers translate entrepreneurs' profiles into English, which are then posted for funding at Kiva.org.<br />The Kiva Translation Program offers individuals the opportunity to:<br /><ul><li>Make a direct contribution to Kiva
  28. 28. Improve language skills
  29. 29. Form a network of volunteers
  30. 30. Build your resume
  31. 31. Language needs include:
  32. 32. Bahasa Indonesia
  33. 33. French
  34. 34. Mongolian
  35. 35. Portuguese
  36. 36. Russian
  37. 37. Spanish
  38. 38. Vietnamese
  39. 39. Future needs: Arabic, Armenian, Dari, Pashto and Tagalog</li></li></ul><li>Change Lives: Fellows<br />Who Volunteers?<br />How Do I Apply?<br />What is the Kiva Fellows Program?<br /><ul><li>Kiva seeks volunteers with:
  40. 40. Fluent language skills
  41. 41. Backgrounds in economics, finance, and international development
  42. 42. Overseas experience
  43. 43. Excellent writing abilities
  44. 44. Knowledge of various web applications
  45. 45. Problem solving skills
  46. 46. A high level of self motivation
  47. 47. Ability to fundraise for their trip
  48. 48. Fellowships last 10 weeks to one year in the field
  49. 49. Upcoming application dates are:
  50. 50. KF7 – Nov 1, 2008
  51. 51. KF8 – Mar 1, 2009
  52. 52. KF9 – July 1, 2009
  53. 53. KF10 – Nov 1, 2009
  54. 54. To apply, go to our website www.kiva.org/fellows
  55. 55. For questions not answered in the FAQ, contact kivafellows@kiva.org</li></ul>Kiva.org is the first person-to-person micro-lending website, lending directly to entrepreneurs in developing nations<br />The Kiva Fellows Program offers individuals the opportunity to:<br /><ul><li>Travel abroad to a developing country
  56. 56. Chronicle the lives of the working poor
  57. 57. Assist a Microfinance Institution
  58. 58. Forge the Kiva relationship with the Microfinance Institution</li></ul>“Revolutionising<br /> how donors and lenders in the US are connecting with small entrepreneurs in developing countries.”<br />
  59. 59. How to Apply!<br />www.kiva.org/volunteer/<br />Kiva Translators: send an email of interest<br />Kiva Fellows: submit an online application<br />20<br />

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