Kiva.org: Loans That Change Lives

Rating: 4.25 stars   36 reviews

Issues: International, Economic Development, Microfinance

Location: 3180 18th Street Suite 201 San Francisco CA 94110 USA

Mission: Kiva's mission is to connect people through lending for the sake of alleviating poverty. Kiva is the world's first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world. The people you see on Kiva's site are real individuals in need of funding - not marketing material. When you browse entrepreneurs' profiles on the site, choose someone to lend to, and then make a loan, you are helping a real person make great strides towards economic independence and improve life for themselves, their family, and their community. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates and track repayments. Then, when you get your loan money back, you can relend to someone else in need. Kiva partners with existing expert microfinance institutions. In doing so, we gain access to outstanding entrepreneurs from impoverished communities world-wide. Our partners are experts in choosing qualified entrepreneurs. That said, they are usually short on funds. Through Kiva, our partners upload their entrepreneur profiles directly to the site so you can lend to them. When you do, not only do you get a unique experience connecting to a specific entrepreneur on the other side of the planet, but our microfinance partners can do more of what they do, more efficiently. Kiva provides a data-rich, transparent lending platform. We are constantly working to make the system more transparent to show how money flows throughout the entire cycle, and what effect it has on the people and institutions lending it, borrowing it, and managing it along the way. To do this, we are using the power of the internet to facilitate one-to-one connections that were previously prohibitively expensive. Child sponsorship has always been a high overhead business. Kiva creates a similar interpersonal connection at much lower costs due to the instant, inexpensive nature of internet delivery. The individuals featured on our website are real people who need a loan and are waiting for socially-minded individuals like you to lend them money.
Results: Time since launch (January 2006): 30 months Loans: $37 million, growing $1 million every 10 days Lenders: 270 thousand people from +70 countries Borrowers: 40 thousand entrepreneurs from +40 countries MFI Partners: 100 MFIs, growing at 3 a month Traffic: +100 thousand visitors / week Activity: Loan made every 37 seconds Risk: 97% active loans on time / 1.72% default rate (all partners) Org Size:  30 employees / +400 volunteers Leverage: Platform raises $8 for every $1 in expenses. Goal: $1 Billion from 10 million lenders in 5 years. Total value of all loans made through Kiva:  $37,281,060 Number of Kiva Lenders: 320,425 Number of loans that have been funded through Kiva: 52,847 Percentage of Kiva loans that have been made to women entrepreneurs: 77.20% Number of Kiva Field Partners (microfinance institutions Kiva partners with): 89 (growing 3 a month) Number of countries Kiva Field Partners are located in: 42 Current repayment rate (all partners): 98.28% Average size of loan for funding: $480.44 Average total amount loaned per Kiva Lender (includes reloaned funds): $116.74 Average number of loans per Kiva Lender: 3.03
Target demographics: Impoverished entrepreneurs in the developing world
Direct beneficiaries per year: >40k entrepreneurs
Geographic areas served: Global
Programs: Kiva.org is the first person-to-person micro-lending Web site, creating a way for individuals to connect with and make personal loans to small businesses in developing countries. Kiva.org partners with microfinance institutions across the globe, giving them access to Kiva.org's website to post their funding needs for loans to micro-entrepreneurs. Individuals across the globe fund these loans by sending payment via PayPal. Repaid loans are returned to individual lenders. Kiva.org's ultimate beneficiaries are micro-entrepreneurs who need a loan to start or expand a small business. Kiva.org's secondary beneficiaries are microfinance institutions for whom Kiva.org both provides an additional source of debt capital and provides an average 9% savings on their cost of capital. Finally, Kiva.org provides a way for individuals to connect with micro-entrepreneurs around the world and directly participate in microfinance.
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EIN 71-0992446
(415)-358-7500
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Community Reviews

Rating: 1 stars  

9 people found this review helpful

I'm looking at the form 990 from these clowns.

Year/ revenue / / salaries and benifits payed
2011 / 12mil / 5.5mil
2012 / 15mil / 7.25

so about half of the hard earned money you donate is going directly into their pockets.
Mr Flannery and about 20 of his croneys are making average more then 100k a year plus extra benefits. What doesn't go directly into their pockets goes to crooked international bankers
I know in your heart of hearts you want to help the people they seem to portray. Unfortunatly it looks like the main lives they want to change are there own.

If I had to make changes to this organization, I would...

Jail them

When was your last experience with this nonprofit?

2014

 
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Rating: 5 stars  

28 people found this review helpful

I love Kiva! It only takes $25 to make a difference in someone's life! I have actually sent Kiva loans to all my friends for christmas presents :)

I've personally experienced the results of this organization in...

helping lift people out of poverty and enhance their lives

If I had to make changes to this organization, I would...

advertise more! and hold more events/fundraisers

What I've enjoyed the most about my experience with this nonprofit is...

how much impact I feel like I have with only $25

If this organization had 10 million bucks, it could...

help end all poverty!

Ways to make it better...

there were more people to give loans to. At one point, I only saw like 3 people. I guess this is a good thing since that means that a lot of other people are giving loans.

In my opinion, the biggest challenges facing this organization are...

people don't know about it

One thing I'd also say is that...

When was your last experience with this nonprofit?

2009-4-01

 
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Rating: 5 stars  

26 people found this review helpful

Kiva is a wonderful nonprofit. Not only is it built on a great idea, but the staff and volunteers are so deeply passionate and determined to make a difference. The idea is sustainable and making a huge impact in communities around the world. I am proud to be part of this community as a lender and volunteer

What I've enjoyed the most about my experience with this nonprofit is...

connecting with people around the world

The kinds of staff and volunteers that I met were...

passionate, dedicated, bubbly, optimistic, and all-around incredible

When was your last experience with this nonprofit?

2009-3-01

 
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Rating: 5 stars  

1 person found this review helpful

Kiva's online platform allows you to make a microloan to entrepreneurs from around the world, ranging from a goat herder in Kenya to a seamstress in Peru. It is a great way to connect with the world's poor to contribute to a sustainable to alleviate poverty -- check out www.kiva.org!

I've personally experienced the results of this organization in...

the 60,000 individuals that have received a loan and have been able to make life better for themselves and their family.

When was your last experience with this nonprofit?

2008-8-01

 
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1 previous review
Rating: 5 stars  

1 person found this review helpful

Kiva's online platform allows you to make a microloan to entrepreneurs from around the world, ranging from a goat herder in Kenya to a seamstress in Peru. It is a great way to connect with the world's poor to contribute to a sustainable to alleviate poverty -- check out www.kiva.org!

I've personally experienced the results of this organization in...

the 60,000 individuals that have received a loan and have been able to make life better for themselves and their family.

When was your last experience with this nonprofit?

2008-8-01

 
Flag review
Rating: 5 stars  

2 people found this review helpful

Kiva.org is a wonderful organization that has really been revolutionary in the field of microfinance by allowing someone to lift an entrepreneur in the developing world out of poverty with as small as $25. My experience has been very positive because the website allows me to connect with an entrepreneur of my choice and establish a connection which is blurred between the lines of a personal/business relationship. At the end of the day Kiva is perfect as I can help someone who is facing the conditions of global poverty and at the same time get my money back over 98% of the time.

I've personally experienced the results of this organization in...

having transparency between the lender and the entrepreneur.

What I've enjoyed the most about my experience with this nonprofit is...

getting periodic business updates.

The kinds of staff and volunteers that I met were...

very friendly and determined.

If this organization had 10 million bucks, it could...

end global poverty

When was your last experience with this nonprofit?

2008-8-01

 
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