Connecting people through lending for the sake of alleviating poverty

December 2009

Through field work, Kiva Fellows strengthen

connections between Kiva’s stakeholders in order to

alleviate poverty

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+ =

Kiva Core Beliefs

Vision• Everyone connected.

Everyone empowered.

Mission• Connecting people

through lending for the sake of alleviating poverty.

Core Beliefs 1) Power of Microfinance2) Partner Relationships3) Transparency4) Spread of Technology5) Lending is Connecting6) Sustainability7) Industry Inclusion

Key Stakeholders of the Kiva Fellow

Key Stakeholders of the Kiva Fellow

Kiva Homepage: www.kiva.org

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A simple story: this is a real person!

Access to financial servicesAccess to financial services

Increase & diversify incomesBuild assets

Mitigate riskPlan for the future

Make choices

Increase food consumption Invest in education & health

Invest in housing, water, sanitation

From Everyday Survival to Planning for the Future

Courtesy of CGAP:

Consultative Group to Assist the

Poor, http://www.cgap.org/direct/

Power of Microfinance• Microfinance means building financial systems that serve the poor• Poor people need a variety of financial services

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LoansSavings

InsuranceCash Transfer Services

Destitute people with no income or means of repayment need other kinds of support before they can make good use of loans.

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.

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

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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.

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Kiva 101: How does it work?

Money

Information

Local Partner(MFI)

EntrepreneurInternetLender

Online marketplace

How Kiva tries to make it “Fun” Rich user generated content, changing fast...

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Loans are fully funded in hours (MFI staff love

this)…

Transactions happen every 37

seconds…

Real time un-edited

progress updates from

around the world…

‘Popular’ entrepreneurs rapidly rise to

the top…

Randomized “1 minute of

fame “ for Lenders…

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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

Business relationship based on mutual dignity,

not pity

Quick and easy

checkout

Where does Kiva work?

Sierra Leone

Ukraine

S.SudanPeru

Uganda

D.R.Mexico

Bosnia

Honduras

Nicaragua

Benin

Kenya

Azerbaijan

Paraguay

Tajikistan

Cameroon

Cambodia

Indonesia

Vietnam

Ghana

Togo

SamoaTanzania

Philippines

Mozambique

Rwanda

Bolivia

Senegal

Lebanon

Afghanistan

GuatemalaEl Salvador

Mali

KyrgyzstanIraqPalestine

+602,000 social investors have lent +$105M in first four years

Other Key Stats• Growth: $1M loans every 10 days.• Risk: 3.5% delinquency rate / < 0.5% default rate• MFI Portfolio: 100+ MFIs in 42 countries. Growing 3 a month.• Traffic: 100,000 site visitors a week.• Organization: 40 employees / +450 volunteers • Leverage: Platform raises $10 in loans for every $1 donated.

5 yr goal = $1 Billion

Change Lives: Translators

What Are the Requirements?

Kiva seeks volunteers with:– High-level proficiency in a foreign

language– Excellent writing skills in English– Ability to commit to two hours per

week for three months as a volunteer

– Check email frequently and comfortable using new technology

Previous translation experience is helpful, but not required.

Kiva.org is the first person-to-person micro-lending website, lending directly to entrepreneurs in developing countries.

Volunteering from their own homes, Kiva volunteers translate entrepreneurs' profiles into English, which are then posted for funding at Kiva.org.

The Kiva Translation Program offers individuals the opportunity to:

– Make a direct contribution to Kiva– Improve language skills– Form a network of volunteers– Build your resume

What Is the Kiva Translation Program?

What Languages Are Needed?

Language needs include:– Bahasa Indonesia– French– Mongolian– Portuguese– Russian– Spanish– Vietnamese– Future needs: Arabic, Armenian,

Dari, Pashto and Tagalog

Apply Today

www.kiva.org/volunteer

Change Lives: Fellows

Who Volunteers?

Kiva seeks volunteers with:– Fluent language skills– Backgrounds in economics,

finance, and international development

– Overseas experience– Excellent writing abilities– Knowledge of various web

applications– Problem solving skills– A high level of self motivation– Ability to fundraise for their trip

How Do I Apply?

Fellowships last 10 weeks to one year in the field

Upcoming application dates are:– KF7 – Nov 1, 2008– KF8 – Mar 1, 2009– KF9 – July 1, 2009– KF10 – Nov 1, 2009

To apply, go to our website www.kiva.org/fellows

For questions not answered in the FAQ, contact kivafellows@kiva.org

Kiva.org is the first person-to-person micro-lending website, lending directly to entrepreneurs in developing nations

The Kiva Fellows Program offers individuals the opportunity to:

– Travel abroad to a developing country

– Chronicle the lives of the working poor

– Assist a Microfinance Institution– Forge the Kiva relationship with

the Microfinance Institution

What is the Kiva Fellows Program?

“Revolutionising how donors and lenders in the US are connecting with small entrepreneurs in developing countries.”

How to Apply!

www.kiva.org/volunteer/

• Kiva Translators: send an email of interest

• Kiva Fellows: submit an online application

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