Funding for Small Businesses Through Kiva · Funding for Small Businesses Through Kiva March 2010...
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Funding for Small Businesses Through Kiva March 2010 "Revolutionising how donors and lenders in the US are connecting with small entrepreneurs in developing “Making microfinance easier...Kiva’s website is easy to use, even for local Cambodian staff who haven’t used computers connecting with small entrepreneurs in developing countries” that long”
Transcript of Funding for Small Businesses Through Kiva · Funding for Small Businesses Through Kiva March 2010...
Funding for Small Businesses
Through Kiva
March 2010
"Revolutionising how donors and lenders in the US are connecting with small entrepreneurs in developing
“Making microfinance easier...Kiva’s website is easy to use, even for local Cambodian staff who haven’t used computers connecting with small entrepreneurs in developing
countries” p
that long”
What is Kiva?Kiva is an online platform that connects MFIs to social investors
Microfinance Client P filMicrofinance InstitutionKiva.org
O li M k t lSocial Investor ProfileMicrofinance Institution Online MarketplaceSocial Investor
Kiva allows MFI partners to raise 0% capital from
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individual investors across the globe.
What is Kiva?Kiva is a significant new source of loan capital for MFI partners
T t l L C it l R i d Ki t D t
$120,000,000
$140,000,000 Total Loan Capital Raised on Kiva to DateKey Stats• Size: Provided MFIs with over $125M+ in new loan capital since launch.• Growth: $1.5M loans every week
$100,000,000
$120,000,000 $ y• User satisfaction: <10% of repaid loans withdrawn.• Brand awareness: > 60K visit per day/ +100M brand impressions/ lenders from over 190 countries.
$60 000 000
$80,000,000
Kiva allows MFI partners to raise
$40,000,000
$60,000,000
0% capital from individual lenders across the globe.
$
$20,000,000
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$-Feb-06 Jul-06 Nov-06 Apr-07 Sep-07 Feb-08 Jul-08 Dec-08 May-09 Oct-09 Mar-10
Who are Kiva’s MFI partners?Kiva currently is partnering with 103 MFIs in 49 countries
Geographical Disbursement of Current Kiva MFI partners
Bulgaria
Gaza
Me ico
Ukraine
AfghanistanAzerbaijan Tajikistan
Haiti
Iraq
PakistanNepal
Moldova
Lebanon
Bosnia
El S l d
United StatesArmenia
MongoliaKyrgyzstan
NicaraguaHonduras
TogoSenegalUganda
Kenya
Tanzania
Cambodia
Mexico
Ecuador
Nigeria
GhanaDRC
IndonesiaCameroon
R. DominicanaVietnam
Peru
Guatemala
Sierra LeoneSouth Sudan
Costa Rica
El Salvador
Philippines
Mali
Liberia BeninRwanda
MozambiqueBoliviaPeru
ParaguaySamoa
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Who are the entrepreneurs?
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Who are the entrepreneurs?
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How does Kiva Support Itself?Working towards self-sufficiency
1. “Tips” from loans• 90%+ of lenders “tip”90% of lenders tip
1 Interest on “Float”1. Interest on “Float”
2. Donations
Kiva currently is ~70% self-sufficient – the
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goal is to be 100% self-sufficient in 5 years.
Prosper Is The Market Leader in P2P Lendingp g
eBay for lending• Lenders enjoy a new asset classLenders enjoy a new asset class• Borrowers get new source of credit
Scalable Platform• Transaction fee based• Consumer and Institutional
Prosper is the market leaderp• 930,000 members• Nearly $200,000,000 in loans• Proven management team with deep
d i tidomain expertise
Proprietary & Confidential – Prosper Marketplace, Inc. © 2009
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Source of Loan ListingsDirect P2P ListingsDirect P2P Listings
Borrowers create listing directly
Borrower sets max rate
Borrower sets max rate
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Prosper provides• Traditional credit data
P dit hi tProsper provides credit data and
risk rating
Prosper provides credit data and
risk rating
• Prosper credit history• Social graph data
Prosper verifiesp• Identity / Anti-Fraud• Credit / Income
P i Prosper services
Borrower’s Prosper credit
Borrower’s Prosper credit
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history history
Loans are Funded by Multiple BiddersLoans are Funded by Multiple Bidders
Fractional i t t
Fractional i t tinterests ease diversificationinterests ease diversification
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