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#TEDxMS 2013 : Individuals Changing Lives One Loan at a Time via KIVA
The document discusses Kiva.org's role in combating global poverty through microloans and peer-to-peer lending, emphasizing individual empowerment and social change. It outlines how Kiva's innovative approaches, such as Kiva Zip, offer funding to entrepreneurs often deemed too risky by traditional financial institutions. By supporting small businesses and micropreneurs, Kiva aims to disrupt existing lending models and broaden access to financial resources for those in need.
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#TEDxMS 2013 : Individuals Changing Lives One Loan at a Time via KIVA
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- 6. For many ofus, global poverty feels impossibly large. With half the planet living on less than $3 a day, it's easy to get overwhelmed to the point where we fail to act. It's easy to forget the power that we have as individuals. Premal shah President, Kiva.org
- 7. HOW? Part I -individuals changing individuals via Kiva Part 2 - changing the game in entrepreneur funding
- 9. Donate and buymy right to go on with my (affluent) day Feel powerless Do something that actually matters.....?
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- 11. Microloans to creating micropreneurs Peer-2-peerlending - idle money becomes capital peer-2-peer micropayments connected global market/ community of willing borrowers and lenders +
- 12. Elizabeth Omalla Ugandan widowwith 11 dependents Borrowed $500 in ’05 Purchased freezer, fish at wholesale prices
- 13. 0 125 250 375 500 1 2 34 5 6 7 7 loans in Uganda $3,500 mils cumm loans 461mil 1.1mil entrepreneurs 72 countries 99.98% repayment Small loans $ mil crowdfunded per year
- 14. watch live loansat kiva.org/live $1mil lent every 3 days!
- 15. 975,394 who lend onKIVA 1.1mil entrepreneurs funded :
- 16. Each one ofus can directly change 1 life by turning spare change into small biz capital
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- 18. kiva as abigger “catalytic” force .....how about partnering the global crowd to disrupt the way social lending works ?
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- 20. KIVA CAPITAL ISCROWD-FUNDED THUS, UNIQUE FROM OTHER SOURCES DO GOOD, ZERO INTEREST SMALL AMOUNTS $25 HIGH RISK TOLERANCE DIVERSE BASE & LENDING PHILOSOPHIES uniquely placed to test game-changing social innovations
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- 22. Loans to conflictor post-conflict zones to fund small business recovery
- 23. 6-20 year highereducation loans http://www.kiva.org/labs/accesstoeducation Rosemary, South Africa The first pilot batch to fund her tuition through a Kiva loan. • Student loans for low income require long terms and grace periods and affordable interest rates • zero credit history • zero collateral • The opportunity cost and risk just too high for normal financial institutions
- 24. Green “in-kind” loans (e.g.working with biodigester company, not bank)
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- 27. 27 Kiva Zip usesstrangers online to fund entrepreneurs deemed “too risky” for any bank or MFI - and does so at half the cost $0 $0.25 $0.50 $0.75 $1.00 Top 5 U.S. MFI * U.S. MFI avg. ** Kiva Zip Q2 2013 actual Kiva Zip 2013 forecast * Source: MFI Annual Report; ** Source: AEO In just 18 months, Kiva Zip is already more efficient than any U.S. microlender Industry ave $0.42 per $1 Kiva Zip is at $0.25 today costs $0.87 to admin $1 of microloans** Startup < 1 year 1 - 3 years 3 - 5 years > 5 years More than 50% of microloans are to biz < 1 year of borrowers never got a college degree30% to ethnic minorities 55%borrowers live in households earning less than $20k / year64
- 28. 28Disrupting the currentMFI model - then exporting it 0k 5k 10k 15k 20k 2011 2012 2013 2014 2015 2016 Kiva Zip aims to support more entrepreneurs per year than the entire U.S. micro-finance industry by 2016 Current U.S. microfinance industry (total loan volume est 400+ MFIs) 400MFIs in the U.S. millions ofBut small biz assistance providers Farmer support groups faith based orgs communities & associations public & private individuals who care enough Universities & technical schools Veteran groups Tech Incubators reformed criminal support groups minority, refugee & women assistance groups
- 29. Each one ofus can directly change lives by turning spare change into small biz capital.
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- 31. LEND: Kiva.org LEARN: Kiva.org/labs JOIN:kiva.org/team/malaysia VOLUNTEER: Kiva.org/fellows SAY HELLO: hellosulinlau@gmail.com, @sulinlau