Kiva is a nonprofit organization that allows individuals to lend money via microfinance institutions (MFIs) to help entrepreneurs and students in over 80 countries. Kiva works with over 104 MFIs across 49 countries, facilitating a loan every 31 seconds. Individual lenders choose who they want to fund, that money is sent to an MFI partner who lends it locally, and as borrowers repay their loans the money flows back to the lenders and allows more lending. While microfinance has benefits like empowering the poor and women, it also has challenges such as high interest rates and not all borrowers wanting business loans.

2. (MFI)

3. What is Kiva?

4. Nicaragua
Honduras
Togo
Senegal
Bulgaria
Gaza
Uganda
Kenya
Tanzania
Cambodia
Samoa
Mexico
Ecuador
Nigeria
Ghana
Mozambique
Ukraine
Afghanistan
DRC Indonesia
Azerbaijan
Cameroon
Tajikistan
Bolivia
Haiti Dominican
Republic
Vietnam
Iraq
Peru
Paraguay
Guatemala
Sierra Leone
Cote d’Ivoire
Pakistan
Nepal
Moldova
Lebanon
South Sudan
Bosnia
Partnerships with 104 MFIs in 49 Countries!

5. How does Kiva Work?
A loan is
made on Kiva
every 31 seconds
in 2008!!!

6. Kiva moves money
• Lenders choose a
person to lend to
• An MFI gets the money
from Kiva
• The MFI lends the
money to the borrower
• The borrower repays
the MFI
• The MFI repays Kiva
• Kiva repays the lenders

7. Who Are Kiva Fellows? What
Do They Do?

9. What are the good things
about Microfinance?
• With a relatively small amount of money, poor people
can start or improve their business
• Most formal lending institutions won’t lend to them.
Why?
• Microfinance can help women and girls
• Microfinance works inside communities
• Microfinance is empowering
• Microfinance is person to person development

10. Sierra’s Favorite Stories

14. What are the bad things about
microfinance?
• Takes a long time to get a loan
• Borrowers have to do a lot of things to get a loan
– So borrowers look for MFIs with the fewest requirements
– What does this mean?
• It costs a lot to give a loan, so interest rates are high
– How high?
• Not everyone wants a business, some wish they
could be an employee

15. Sierra’s Unhappy Story
There were
others stories like
this…but not for
today

16. Sierra’s Complicated Story
People need
loans for lots of
reasons, not
always
business….

17. But- mostly stories are about small
improvements…..
And pride…..

18. What Can You Do?
• Creative way to make providing loans cheaper-
technology?
• Support business training in the developing world
• Support nonprofits that provide other, non-financial
services
• Buy products sold by microborrowers (ahkun.org)
• Listen to people
• Support local small businesses
• Speak another language
• Learn as much as you can about the world
…and lend to