Model & Strategy

As the world’s first person-to-person lending marketplace for the poor, Kiva’s vision is to create a world where all people – even in the most remote areas of the globe – hold the power to create an opportunity for themselves and others. Kiva’s goal is to reduce global poverty by creating a platform where internet users can lend to and connect with a specific developing world entrepreneur online. Affordable capital helps low income entrepreneurs start or expand small businesses, creating a path towards economic self-sufficiency. Kiva enables a new channel for the delivery of such funds and creates equitable partnership relationships in the process.

At a Glance
Founded: 2005
Economic Empowerment
Location of work: Domestic, International, Africa, Asia, South America
Kiva
875 Howard Street
Suite 340
San Francisco, CA 94103
Connect people through lending to alleviate poverty
Meet Premal Shah and Matt Flannery

Premal first began dreaming of “internet microfinance” while working at PayPal, the online payments company. In late 2004, Premal took a 3 month leave from PayPal to develop and test the internet microfinance concept in India. When he returned to Silicon Valley, he met other like-minded dreamers and quit his job at PayPal to help bring the Kiva concept to life and eventually to scale. Kiva today raises over $1 million each week for the working poor in 50+ countries and was named a Top 50 Website by TIME Magazine in 2009. For his work as a social entrepreneur, Premal was named a Young Global Leader by the World Economic Forum and was selected to FORTUNE magazine’s “Top 40 under 40” list in 2009. Premal began his career as a management consultant and graduated from Stanford University.

Matt began developing Kiva in late 2004 as a side-project while working as a computer programmer at TiVo, Inc.  Matt helped to lead Kiva’s growth from a pilot project to an established online service with partnerships across the globe and hundreds of millions in dollars loaned to low income entrepreneurs. Matt is Skoll Awardee and Ashoka Fellow and was selected to FORTUNE magazine’s “Top 40 under 40” list in 2009.  In 2011, Matt was chosen for the The Economist “No Boundaries” Innovation Award.

Martin Tschopp has been the CEO of Kiva since 2014.  Previously, Martin spent 12 years at eBay, helping to build and grow marketplaces and eCommerce businesses in 20 countries.

IMPACT

To date, Kiva has facilitated over $935 million in loans to 2.3 million micro-entrepreneurs across 82 countries.

The repayment rate on Kiva loans is 97%, and the average loan size is $412.26.

  • Inequality isn’t all about income. Here’s a guide to different ranking systems: https://t.co/aOqZS0JP5Y
  • Last chance to apply to be a Kiva Intern! Applications close today: https://t.co/Kt0iOaSQwv
  • An initial idea that went on to change lives. https://t.co/MvIkwI4JAl
  • Did you know that we are active in Tanzania? Fund a loan today: https://t.co/279kKRrKBD
  • Sneak one final look into the internship experience before applications close this Sunday, November 19th:… https://t.co/YzhKsGIFlR
  • Find out how the economies of different African countries compare with each other. https://t.co/xi5G9HSPz1
  • Everyone deserves a chance to see their dreams in action. https://t.co/pSxyoGPfFp
  • Remember when we celebrated $1 billion in loans given around the world back in June? We have an update for you on t… https://t.co/zMNSCGK42F
  • E-Commerce is gradually changing the retail industry. Here is why: https://t.co/HByhjBXQaz
  • Ask where your money is going. @adelanteshoeco is creating ethical, fair-paying jobs in Guatemala and is fundraisin… https://t.co/nbr8x30npQ
  • RT @OneDaysWages: We've become paralyzed by the politics around refugees, and desensitized to the HUMAN element of the crisis. It's time to…
  • How to use technology to make the world a better place. https://t.co/0CLNJWKR03
  • Would you like to know more about our interns’ experiences? Check out their stories & apply before November 19!… https://t.co/9JRGw10qFL
  • That recycling effect sure is incredible! We love it, Nikki! https://t.co/FHBm3gjk58
  • Epic trips that support local communities & protect nature- that’s how we like to adventure! Check out these deals… https://t.co/t2r2i23j7n
  • Rebuilding Dreams
  • Did you know that we are active in more than 15 countries in Asia? Check out borrowers from the region here:… https://t.co/fbluRh4Ym4
  • RT @sugarrae: Seriously, if you ever decide to give me a gift, make it a @kiva gift card. I love, love, love Kiva.
  • Looking for other ways to help out Kiva? Would you consider purchasing something off our Wish List? https://t.co/9vqJT1bNhf