kiva microloans

Kiva Microloans

Andrew Pennebaker

George Mason University

Overview

What is it?

How does it work?

Why should I get involved?

How do I get involved?

What is it?

Began as lender to small businesses

Lifts people out of poverty

“People powered”

What is it?

Traditional lending

Big cumbersome loans

Banks, venture capitalists

Kiva lending

Small easy loans

Honest folk

What is it?

Microloans

Connecting lenders to entrepreneurs

Digitized and personalized

Microloans

Big loans ($1000+)

Risky

Banks typically lend

Small loans ($25)

Safe

Anyone can lend

Low Risk

Kiva risks

$25 at < 2% default rate

A few minutes browsing

Digitized

http://www.kiva.org/app.php?page=businesses

http://www.youtube.com/watch?v=x-mwp-

VdK0Q

Personalized

Pictures

Emails

Phone calls

Personalized

Names and faces

Direct contact

Small world business

How does it work?

1. Entrepreneur posts on Kiva.

2. Lender browses Kiva.

3. Kiva partner distributes loans.

4. Entrepreneur repays loan.

5. Lender gets money back.

How does it work?

Payment

Credit Card

PayPal

Contact

Phone

Email

Why should I get involved?

Entrepreneurs

Easy access to loans

Start a business

Lenders

Easy way to help out

Meet people

Kiva in the news

http://www.msnbc.msn.com/id/20534002/

How do I get involved?

Get $25.

Sign up.

Kiva.com