Kiva Microloans

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Kiva Microloans Andrew Pennebaker George Mason University
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    07-Jul-2015
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Ease of loans through non-profit Kiva.

Transcript of Kiva Microloans

  • 1. Kiva Microloans
    Andrew Pennebaker
    George Mason University

2. Overview
What is it?
How does it work?
Why should I get involved?
How do I get involved?
3. What is it?
Began as lender to small businesses
Lifts people out of poverty
People powered
4. What is it?
Traditional lending
Big cumbersome loans
Banks, venture capitalists
Kiva lending
Small easy loans
Honest folk
5. What is it?
Microloans
Connecting lenders to entrepreneurs
Digitized and personalized
6. Microloans
Big loans ($1000+)
Risky
Banks typically lend
Small loans ($25)
Safe
Anyone can lend
7. Low Risk
Kiva risks
$25 at < 2% default rate
A few minutes browsing
8. Digitized
http://www.kiva.org/app.php?page=businesses
http://www.youtube.com/watch?v=x-mwp-VdK0Q
9. Personalized
Pictures
Emails
Phone calls
10. Personalized
Names and faces
Direct contact
Small world business
11. How does it work?
Entrepreneur posts on Kiva.
Lender browses Kiva.
Kiva partner distributes loans.
Entrepreneur repays loan.
Lender gets money back.
12. How does it work?
Payment
Credit Card
PayPal
Contact
Phone
Email
13. Why should I get involved?
Entrepreneurs
Easy access to loans
Start a business
Lenders
Easy way to help out
Meet people
14. Kiva in the news
http://www.msnbc.msn.com/id/20534002/
15. How do I get involved?
Get $25.
Sign up.
16. Kiva.com