The Impact of Microloans on Women’s Decision-Making Power ...
Kiva Microloans
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Transcript of Kiva Microloans
Kiva Microloans
Andrew Pennebaker
George Mason University
Overview
What is it?
How does it work?
Why should I get involved?
How do I get involved?
What is it?
Began as lender to small businesses
Lifts people out of poverty
“People powered”
What is it?
Traditional lending
Big cumbersome loans
Banks, venture capitalists
Kiva lending
Small easy loans
Honest folk
What is it?
Microloans
Connecting lenders to entrepreneurs
Digitized and personalized
Microloans
Big loans ($1000+)
Risky
Banks typically lend
Small loans ($25)
Safe
Anyone can lend
Low Risk
Kiva risks
$25 at < 2% default rate
A few minutes browsing
Digitized
http://www.kiva.org/app.php?page=businesses
http://www.youtube.com/watch?v=x-mwp-
VdK0Q
Personalized
Pictures
Emails
Phone calls
Personalized
Names and faces
Direct contact
Small world business
How does it work?
1. Entrepreneur posts on Kiva.
2. Lender browses Kiva.
3. Kiva partner distributes loans.
4. Entrepreneur repays loan.
5. Lender gets money back.
How does it work?
Payment
Credit Card
PayPal
Contact
Phone
Why should I get involved?
Entrepreneurs
Easy access to loans
Start a business
Lenders
Easy way to help out
Meet people
How do I get involved?
Get $25.
Sign up.
Kiva.com