3. Kiva Summary Kiva is a non-profit based in San Francisco
We provide microloans to entrepreneurs around the world that need a small amount of capital to support their business
That capital is crowdfunded online from a global community of lenders
Every week Kiva lends ~$3M to entrepreneurs around the world. The vast majority of that money is “recycled” from loans that have been repaid
Let’s take a look at how that works in practice….

4. kiva.org/lend Kiva Summary
I lend $25 to Althea, a farmer in Brunswick, GA. 399 more individual lenders from around the world join me, and that makes $10,000, which is loaned to Althea to buy breeding stock for her herd.
Althea’s farm gains more revenue as a result of her larger herd, and she pays back the $10,000 over the coming 36 months.
As Althea pays back her $10,000 to Kiva, I get my $25 back into my Kiva lender account, $0.69 per month for 36 months.

5. Kiva Summary
Once my $25 is paid back, I can lend that same $25 to Amine, a restaurant owner here in San Francisco, so he can invest in new equipment.

6. Kiva Summary
I will continue recycling that same $25 over and over again, to impact dozens of entrepreneurs around the United States, and the wider world.

7. Kiva Summary 90% of the money lent on Kiva continues to be recycled.
You can look at Kiva as a global revolving fund that has $150M in the overall pool, generated by over 1.4 million individual lenders.
This lending pool is recycling over and over, funding millions of entrepreneurs in 90 countries around the world.

8. 2M 90 1.4M Borrowers Countries Lenders $857M 1.1M
Total lent through Kiva
Total loans funded
115 7
450
Employees
Seconds between loans
Volunteers

9. Kiva’s lending in the United States
Income and wealth inequality are on the rise in America.
At Kiva, we believe that a vibrant small business sector can create jobs and economic vitality in otherwise-marginalized communities, and help to combat this creeping inequality.
But entrepreneurship is under threat in the United States. Since the Great Recession, more small businesses have been closing down than starting up for the first time since records began.
A big reason for this is lack of access to capital – especially for very small and early-stage businesses.
That’s where Kiva U.S. comes in.

10. Why are small business owners rejected for loans?
Credit Reports
Cash Flows
Collateral
Years in Business
Tax Returns
Almost all lenders in the United States use the same set of criteria to evaluate the “creditworthiness” of an entrepreneur.
But many entrepreneurs don’t meet these narrow criteria set by financial institutions, for a variety of reasons:
They are pre-revenue and don’t have established cash flows.
They had some incident in their past that damaged their credit.
They don’t have enough collateral.
As a result, many deserving entrepreneurs are financially excluded from mainstream financial sources.
Kiva aspires to create economic opportunity for entrepreneurs that would struggle to access capital through other mainstream lenders. We aim to be the first rung on the financial ladder!

11. How Kiva does it
Kiva uses social underwriting to determine entrepreneurs’ creditworthiness.
We do this by asking borrowers to do two things: 1
Support another Kiva small business owner by making a $25 loan themselves
Before starting the fundraising process, we ask all borrowers to lend $25 on Kiva. In the spirit of Kiva, we want borrowers to be contributing participants in our community. 2
Engage their own community as their first Kiva lenders
To start the Kiva loan process, borrowers recruit between 5 and 30 lenders from their own network to lend. This is an opportunity for borrowers to demonstrate they have a community of supporters that trust them to repay their loans. When borrowers recruit the required number of lenders from their own network, their loans are posted to the Kiva website for fundraising from Kiva’s 1.4m lenders.
Kiva has a 90% funding rate for borrowers who complete these two steps.

12. What Kiva loans look like
For business purposes only
Loans up to $10,000
0% interest, no fees
Up to 36 months term
Loans administered via PayPal
Monthly repayment installments
“A loan of $10,000 helps me gain working capital for my business.”
“A loan of $5,000 helps me grow our brew operation and distribute kombucha to our wonderful city and beyond.”
“A loan of $5,125 helps me purchase a high-quality printer, purchase bulk ingredients and contract a graphic designer.”
“A loan of $10,000 helps us get organic and non-GMO certification, as well as more working capital for expansion into more accounts.”
“A loan of $4,000 helps me upgrade my ovens, allowing me to secure the large retail contracts necessary to grow my business.”
“A loan of $7,000 helps purchase inventory and equipment for our salon and haircare brand.”

13. The application process
Submit a loan application
Kiva Review
Fundraising
Repayments
Borrowers can start a loan application at:
borrow.kiva.org
Borrowers are required to:
Make a $25 loan to another Kiva borrower.
Verify their PayPal account to ensure we can send the loan to the right place.
Provide social media links for us to verify their identity and credibility.
Private: Borrowers invite their friends and family to support them in a 15 day Private Fundraising Period.
Public: Borrowers have an additional 30 days to fundraise for the rest of their loan – from Kiva’s global community of 1.4M lenders.
Repayments are made monthly via PayPal.
Monthly repayments are very simply calculated by taking the loan amount, and dividing by the number of months in the loan term.
So a $10,000 loan with a 36 month term would have monthly repayments of $
Loan amounts and terms are decided by the borrower. The loan amount that a borrower qualifies for may be lowered based on different criteria in Kiva’s review process.
We have strict guidelines around the profile quality of the borrowers fundraising on Kiva. You can learn more about those at kivaushub.org.

14. Summary
Kiva emphasizes social underwriting over conventional financial underwriting
Unlike other lenders who evaluate based on your credit score or net worth, Kiva uses your reputation and character as the primary driver of our underwriting process.
Kiva U.S. borrowers have a 90% funding success rate
For borrowers that graduate from our underwriting criteria, we have a 90%+ funding success rate!
80% of lenders come from outside of a borrower’s network
Unlike other crowd funding platforms, the vast majority of money lent on Kiva comes from our community, easing the need for borrowers to raise the entire loan themselves. These lenders can be new customers and brand ambassadors for the borrowers they are funding – it’s free marketing!
Loans up to $10,000, up to 36 month repayment period
0% Interest, no fees

15. Learn More Apply for a Loan Contact kivaushub.org borrow.kiva.org