2. Capitalism takes a
narrow view of human
nature, assuming that
people are one-
dimensional beings
concerned only with the
pursuit of maximum
profit.
Muhammad Yunus
19. Peru
Bolivia
Paraguay
Mexico
Guatemala Honduras
Ecuador
Haiti
Dominican Republic
Senegal
Sierra Leone
Ghana
Togo
Nigeria
DRC
Cameroon
Mozambique
Tanzania
South Sudan
Uganda
Kenya
Nicaragua
Lebanon
Bulgaria
Bosnia
Moldova
Ukraine
Azerbaijan Tajikistan
Iraq Afghanistan
Pakistan
Nepal
Cambodia
Vietnam
Samoa
Indonesia
Benin
Mali
Rwanda
Philippines
Palestine
Mongolia
Costa Rica
United States
Kyrgyzstan
Liberia
Armenia
Columbia
Chile
El Salvador
Sri Lanka
Congo Republic
Burundi
Together we reached…
53 countries on 5 continents
South Africa
20. Breaking the cycle in Africa
In just 5 years, Kiva funds more MFIs in post-conflict
Africa than any other funder
21. The Recycling Effect:
< 10% of money put into Kiva leaves Kiva
Under the hood: factors behind Kiva’s model
The Recycling Effect
22. Community Effect
10 active volunteers for every paid staff member
Active volunteers and pro-bono
professionals engaged in Kiva
Kiva Staff
Under the hood: factors behind Kiva’s model
The Community Effect
23. Fundraising Leverage:
Kiva raises approximately 10 dollars in new loan revenue
for every $1 it spends in donations to build the platform.
OPERATIONS BORROWERS
Together we’ve achieved:
Amazing efficiency
24. New loan categories
Scale Break Even Innovate
$1 Billion for
2M borrowers
Self-sufficiency at
scale
The next 5 years:
3 aspirations
-- Yunus was featured as well as a fictional shady online lending marketplace called ‘metamorphoses microfinance’-- all of us are agents a change and while we were enjoying our time in san francisco-- millions of americans were learning about microfinance and poverty alleviation
QUOTE-- Disneyland for good2) STORY OF KIVA-- Seeing Dr Yunus Speak-- Dragged to UgandaDETAIL1) QUOTE-- I love this quote by Dr Yunus who says that "Capitalism takes a narrow view of human nature, assuming that people are one-dimensional beings concerned only with the pursuit of maximum profit" -- In my first few years of starting a non-profit, I've come to find that non-profits in our society are kinda like Disneyland for good.-- Disneyland is a place for magic. It's a place you go once or so a year to experience the kind of magic that may be missing the rest of the time. By it's mere existence, it's an acknowledgment that magic doesn't really exist in our daily lives. You have to go somewhere far away to find it. -- Nonprofits are embedded inside of capitalism in a similar way. 2) STORY OF KIVA-- About 7 years ago my co-founder Jessica and I saw Dr. Yunus speak-- This was the first I had really heard about microfinance. -- She was looking to find some way to contribute to the field. And I was looking to make my mark as a silicon valley entrepreneur.-- I had always said that I wanted to do something entrepreneurial.-- By day I was working as a programmer at TiVo where I was helping people pause live TV. -- By night I was working on a variety of different entrepreneurial ventures , robot company, dvd vending machine franchising, online clothing rental to name a few.-- But Dr Yunus' story was a very exciting and entrepreneurial tale. -- She ended up dragging me to Uganda , where the story of Kiva began
- I expected to see disease, starvation, a war-torn country
- I expected to see disease, starvation, a war-torn country
Instead, I met people filled with hope
Instead, I met people filled with hope
- I expected to see disease, starvation, a war-torn country
POKL
At Kiva, we believe…We believe in the power of individuals collectively coming together to make change.We believe that since our founding we have created millions of connections that have ultimately resulted in transforming lives. We believe that connected capital is:Distributed in its origin – democratized Flexible and patientAccountable PatientCatalytic
Thanks MattI grew up in MN….5 year I felt like a very small person walking through the slum.I felt alone, I couldn’t change anything.What I love about Kiva, is that gives all of us an opportunity to work together to change something.I knew I wanted to change things, but I didn’t know how. I think Kiva, for so many of us, gives us a way – a small way for some in the form of a $25 loans or a big way for others, like the bay area computer engineer who volunteers in West Africa for Kiva for a year. We do it because we are connected by a shared feeling that the world must change for the better.It is such a privilege and honor to be able to work on the problems of poverty, justice and community engagement – along side you Matt, and so many of my friends in the room. I find this work to be incredibly rewarding.changing the world for the better, even if my contributions alone are small. Together in this room, our collective impact can be quite large.
I want to
Since our beginning we have had tremendous resultsIn our first year we raised $1MM in loans, but today, we raise $1MM every 5 days, $25 at a time through the Kiva lending communityFirst year 3,000 lenders, now 3,000 lenders every 3 days Progress and results to-date 466% compound annual loan growth
- Relief agencies tend to come in right after the conflict - Then they leave 2-3 years and are on to the next location - Following that, there is no funding locally – there is a vacuum left in their wake - Gap between relief and commercially viable finance
The Re-loan Effect: Once Kiva loans are repaid, lenders are free to withdraw the funds, donate repayments to Kiva to cover operating expenses, or to re-loan the funds to other worthy entrepreneurs. . Approximately 60% of all Kiva loans are recycled as new loans to additional entrepreneurs.We project that this re-loan rate will increase to 75% in the coming year and to 90% in the next 5 years.
The Re-loan Effect: Once Kiva loans are repaid, lenders are free to withdraw the funds, donate repayments to Kiva to cover operating expenses, or to re-loan the funds to other worthy entrepreneurs. . Approximately 60% of all Kiva loans are recycled as new loans to additional entrepreneurs.We project that this re-loan rate will increase to 75% in the coming year and to 90% in the next 5 years.
$1B in cumulative loans via 3m lenders
The newest product on our site is educational loans which we see as part of a larger ecosystem.Not all households are in a community or have the status or luxury of having your child achieve even primary education, let alone tertiary education. It's a massive problem when an 8-year-old girl can't go to school.Of those who can get an education, there's a 200-300% lift in income level. That's why it's so prized for those that can access it.Over time, we hope Kiva can reach 1,000s of students like X throughout the world who wouldn’t otherwise have the benefit of an educationThis is yet another example of the benefit of catalytic capitalWe have proven in the last 5 years that capital that is patient, and that serves people who would otherwise be excluded from traditional financial services, can have a lasting impact for what we see as generations to comeAt Kiva, we also believe that this is just the beginning. Through the power of our lending community, through the power of our local partners on the ground, we have just scratched the surface in terms of what is possible
Social Return on Investment1000:1 loan volume to investment over 5 yrs$1 billionin social finance raised2 million borrowers funded3 million lenders cultivatedKiva established as an enduring institution for the 21st Century
At Kiva, we believe…We believe in the power of individuals collectively coming together to make change.We believe that since our founding we have created millions of connections that have ultimately resulted in transforming lives. We believe that connected capital is:Distributed in its origin – democratized Flexible and patientAccountable PatientCatalytic
