2. Where are we today?Kiva’s combines 2 powerful forces to achieve mission Power of Internet to connect people Power of Microfinance to alleviate poverty + = Through field work, Kiva Fellows strengthen connections between Kiva’s stakeholders in order to alleviate poverty
3. Kiva Core Beliefs Vision Everyone connected. Everyone empowered. Mission Connecting people through lending for the sake of alleviating poverty. Core Beliefs Power of Microfinance Partner Relationships Transparency Spread of Technology Lending is Connecting Sustainability Industry Inclusion
8. From Everyday Survival to Planning for the Future Access to financial services Increase & diversify incomes Build assets Courtesy of CGAP: Consultative Group to Assist the Poor, http://www.cgap.org/direct/ Mitigate risk Plan for the future Make choices Increase food consumption Invest in education & health Invest in housing, water, sanitation
9. Power of Microfinance Microfinance means building financial systems that serve the poor Poor people need a variety of financial services 9 Savings Loans Right Product Right Price Right Time Insurance Cash Transfer Services
10.
11. Where possible, such services should be coupled with building savings.Microcredit is not always the answer. Microcredit is not the best tool for everyone or every situation.
12. Regulatory Environments Interest rate ceilings hurt poor people by making it harder for them to get credit The role of government is to enable financial services, not to provide them directly 11
13. Sustainability & Transparency Microfinance is about building permanent local financial institutions Microfinance can pay for itself, and must do so to reach very large numbers of poor people The key bottleneck is the shortage of strong institutions and managers Donations and subsidized funds should complement private capital, not compete with it Microfinance works best when it measures - and discloses - its performance. 12
14. Kiva 101: How does it work? Online marketplace Local Partner (MFI) Entrepreneur Internet Lender Money Information
15. How Kiva tries to make it “Fun” Rich user generated content, changing fast... 14 Real time un-edited progress updates from around the world… Loans are fully funded in hours (MFI staff love this)… ‘Popular’ entrepreneurs rapidly rise to the top… Transactions happen every 37 seconds… Randomized “1 minute of fame “ for Lenders…
16. 15 How Kiva tries to make it “Easy” Designed for everyday people, not affluent experts “I can see the person I’m lending to…” Low cost to entry Quick and easy checkout Business relationship based on mutual dignity, not pity
17. Where does Kiva work? Kyrgyzstan Afghanistan Azerbaijan Tajikistan Ukraine Bosnia Lebanon Palestine Mali Mexico Philippines Iraq D.R. Senegal Vietnam Sierra Leone Honduras Cambodia Rwanda Kenya El Salvador Uganda Guatemala Ghana Nicaragua Togo Peru Benin S.Sudan Cameroon Indonesia Bolivia Tanzania Paraguay Samoa Mozambique
58. Forge the Kiva relationship with the Microfinance Institution“Revolutionising how donors and lenders in the US are connecting with small entrepreneurs in developing countries.”
59. How to Apply! www.kiva.org/volunteer/ Kiva Translators: send an email of interest Kiva Fellows: submit an online application 20