
Kiva
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.



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.
Chris joined Kiva in 2021. He is a technology CEO and advisor with more than 25 years of experience developing and leading beloved consumer technology businesses. Previously, Chris was the CEO of Vivino, the world’s largest online wine marketplace and most downloaded wine app, and President of StubHub, the world’s largest online ticket marketplace. Under his nearly 8 years of leadership at StubHub, the company grew the value of tickets sold from $400 million to $3.2 billion while doubling customer satisfaction and increasing brand awareness by over 50%.
IMPACT
To date, Kiva has facilitated over $1.4 billion in loans to 3.5 million micro-entrepreneurs across 83 countries. The repayment rate is 96%, and the average loan size is $400.
Increase capital access to underfunded, market-based, evidence-backed anti-poverty approaches: Kiva’s crowdfunding model creates a unique form of low-cost, risk-tolerant capital to help frontline innovators expand (e.g. One Acre Fund, myAgro, Komaza, etc).
Increase public awareness & engagement: Kiva seeks to create deeper public engagement in the pressing—and addressable— issues of our time. More than one million citizen lenders have participated, including programs at over 3,000 schools & universities.
Kiva News
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Premal Shah: Small Business, the Backbone of the U.S. Economy, Needs a Jump StartKiva focuses on crowdfunding zero-interest loans to small-business owners who are excluded from other financing, have a social impact and create jobs: cafes hiring at-risk…Sep 2016
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Two DRK Grantees Win $500k in Google Impact ChallengeThe Google Impact Challenge awarded a total of $5.5 million to Bay Area nonprofits this year. A panel of advisers narrowed the large pool of…Oct 2015
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Agora Partnerships Announces New Partnership with KivaAgora Partnerships is excited to announce their very first lending opportunity on the Kiva platform:Aflore, a 2014 Agora Accelerator Alumni. Through Kiva, Agora Partnerships will be…May 2015
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Today, you can do 3x the good! Make a donation to Kiva, and The @eBay Foundation will triple it. →… https://t.co/od0T230C7z
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You can’t go wrong with ice cream… or changing lives!🍦💚 https://t.co/ma5SdyK3L4
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🌱A Kiva loan of $525, crowdfunded by 21 people, allowed Pablo to set up a nursery of 500 seedlings. After 6 months,… https://t.co/I2sTT8QS14
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Congratulations to our very own, @ChrisTsakalakis, who will be will be receiving the AHA 2022 Award of Meritorious… https://t.co/K5tKy3gJ67
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An appreciation post for @thehugocoffee, @spoonfulsprout, #Melmikays, @zagawd, @pedradasilva, @CobblerWorld, and AL… https://t.co/Ip7bWIwVPa
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Don't miss out on reading this borrower story. 💚 Friends, family, and a global community of Kiva lenders were joine… https://t.co/FnSTAhXGaJ
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👏🏽👏🏽👏🏽💚 https://t.co/1mnquJQTd7
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RT @UofA_Ent: Launched in 2019 with help from @startup_junkie and the @waltonfamilyfdn, @Kiva NWA has helped more than 60 small business ow…
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While #NationalSmallBusinessWeek comes to a close, we want to share some ideas for supporting entrepreneurs — the p… https://t.co/0AFKPP5aYA
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As a college student and Palestinian refugee living in the West Bank, 22-year-old Malik dreams of becoming a journa… https://t.co/q6H40WbIVY
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RT @NickKristof: Thanks for not just reading that article about @kiva, but also acting on it!
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Thank you, @MaddyOsman for continuing ♻️ to invest in Kiva borrowers! https://t.co/i2UwMKZKqo
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It's #NationalSmallBusinessWeek, and here at Kiva, we believe strongly in the power and potential that… https://t.co/XQwAkK38S2
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To celebrate #NSBW, we're partnering with @umpquabank. 🤝 Umpqua's matching loans made to Women and BIPOC borrowers… https://t.co/kw9QMe8w5w
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Congratulations, @thewunzworld!! 💚 https://t.co/JjDDSDibu9
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RT @JMichael_Smith: I’ve been supporting small businesses through @Kiva since 2009 ! You should too
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Your support can help small business owners grow their dreams! Lend to an entrepreneur on Kiva in honor of… https://t.co/w7A9C5s7lc
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It's almost Mother's Day! Here are some gorgeous gifts for Mom that she’ll love—and make her proud of how you’re he… https://t.co/AOIg4MxJuq