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- 501(c)(3) non-profit organization organization
- Launched: October 2005
- Founders: Matt and Jessica Flannery
- President: Premal Shah
- Headquarters: San Francisco, California
- Loan duration: Usually 6 to 12 months
- Loans successfully repaid: Over 99%
- Minimum loan amount: $25
- Fund type: Private Investor
- Loans made through Kiva: Over $27 million
- Average loan size: About $500
- Entrepreneurs funded: Over 39,000
- Lenders using Kiva: Over 275,000
- Kiva means "unity" or "agreement" in Swahili
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Kiva is an online non-profit organization through which donors can make micro loans to individuals in developing countries for small business start-ups or expansions. These loans are called microloans because the amounts from each lender are small.
Kiva is based in San Franscisco, California and currently lenders represent 186 different countries. http://www.kiva.org/about/help/stats . The goal of Kiva is to reduce poverty by giving people in developing countries the resources they need to earn a better living.
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How Kiva works
Kiva provides potential lenders the opportunity to choose who they fund by browsing through pictures and descriptions of borrowers, When enough money has been collected to fulfill the borrower's request (a process that often happens in a matter of hours), the money is transferred via PayPal to Kiva's field partners where it is dispersed to the entrepreneurs.Field partners are responsible for dispersing, managing and collecting the loans. Once repayment is complete, the loan is transferred back to Kiva through PayPal and returned to the original lenders. Because Kiva is a non-profit organization, PayPal waives all fees associated with the money transfers.
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Kiva Questions
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Who deserves a Kiva loan? 2 AnswersHere is one person on the Kiva site requesting a loan and she still needs a some money, maybe this is a good place to put the loan money? read more -
Using as Kiva team of mahalo 2 AnswersJoining the Mahalo Kiva team is really simple. I will give you a link that will take you to our team page so you can join it. You will see a big blue button th... read more -
Would you join the Mahalo Answers Kiva group? 5 AnswersActually I did join the Mahalo Answers Kiva group. Great Idea!! @robbrown is a smart guy with good ideas! ... read more -
Kiva,so thanks to Rob Brown my relatives have giving 750 so far. Can any family do better? 2 AnswersI have loaned $900, but some of that is from money that was paid back. read more
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On Twitter Powered by Twitter
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Kiva is a program where you can make micro-loans to people. My wife and I target women in Africa for micro-loans. Check out the program!
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Okay, time for a serious tweet. If you want to make a real difference in the lives of real people checkout http://www.kiva.org/
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Join Team Stuck In Customs on Kiva! http://go.meebo.com/stuckincustoms.com/9F
view more tweets...
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On Twitter Powered by Twitter
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Kiva is a program where you can make micro-loans to people. My wife and I target women in Africa for micro-loans. Check out the program!
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Okay, time for a serious tweet. If you want to make a real difference in the lives of real people checkout http://www.kiva.org/
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Join Team Stuck In Customs on Kiva! http://go.meebo.com/stuckincustoms.com/9F
view more tweets...
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On Twitter Powered by Twitter
-
Kiva is a program where you can make micro-loans to people. My wife and I target women in Africa for micro-loans. Check out the program!
-
Okay, time for a serious tweet. If you want to make a real difference in the lives of real people checkout http://www.kiva.org/
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Join Team Stuck In Customs on Kiva! http://go.meebo.com/stuckincustoms.com/9F
view more tweets...
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