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, Latin 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 $1 billion in loans to 2.6 million micro-entrepreneurs across 83 countries. The repayment rate is 96%, and the average loan size is $700.

Increase capital access to underfunded, market based, evidenced 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. >1 million citizen lenders have participated, including programs at over 3,000 schools & universities.

  • Today for #WorldRefugeeDay, we're MATCHING all refugee loans! We funded almost all refugee loans on our site last… https://t.co/c59YlIik4n
  • #WorldRefugeeDay is this Thursday, June 20th! Do you know the difference between refugees, IDPs and asylum seekers?… https://t.co/WXcMc8opkT
  • Jacqueline is determined, talented and hardworking. She's also a refugee. The 68 million people displaced from thei… https://t.co/0sgWJYiHlh
  • What does home mean to you? In honor of #WorldRefugeeDay on June 20, help raise awareness for the 68+ million peop… https://t.co/Rtv9BCCxIM
  • RT @Libra_: @Kiva We're excited to partner with Kiva to bring a simple global currency and financial inclusivity to billions of people arou…
  • We launched our first microsite about refugees to increase understanding about the 68 million displaced people arou… https://t.co/QCfUUrddLb
  • We believe in the financial inclusion of all. Traditional banks won't lend to refugees because they're perceived as… https://t.co/Dt71gAjFMd
  • Kiva is on a mission to empower people left outside of existing financial services and we're proud to serve as a Fo… https://t.co/DuRdH4UXOr
  • Wahab came to the US as a refugee from Iraq, where he worked with the US Army. After settling in Tennessee and star… https://t.co/RnDNmMwfnE
  • Check out this awesome article written by our CFO and COO, Pam! https://t.co/Bmc6ZRPuSX
  • Have you ever felt a special connection with a borrower on https://t.co/5XJFc8VJrY? Elisabeth sure has! She travele… https://t.co/R4kd3Csu22
  • Access to childcare is often an obstacle to women’s success in the workplace. Kiva borrower Rosa started a childcar… https://t.co/JFZezdGol8
  • Now that you've learned more about our Field Partners, here's MiCredito, an example of an awesome Field Partner tha… https://t.co/cTfLRHTuWu
  • Do you know how your Kiva loan reaches a borrower? It's through our 300+ amazing partner organizations out in the f… https://t.co/sHMugDMwd9
  • How much do you know about Georgia? No, not the state in the American South - Georgia the eastern European country!… https://t.co/VdPMFZVNLz
  • Did you remember to invite Kiva to your wedding? Check out this awesome Kiva lender couple who made Kiva loans as w… https://t.co/nUUrTzPCzu