As Kiva approaches its fourth birthday (coming up on October 12!), Matt Flannery, CEO and Co-Founder, shares his thoughts on where we've come from, where we are today, and what we're looking for in Kiva's future:What's In A Number?As I write this, Kiva is on the verge of surpassing the $100M mark in terms of total loans sent to entrepreneurs through our website. $100 million is an impressive number by anyone's standards, but Kiva has never been about the numbers. Ultimately Kiva is about stories and the connections between people that are forged when... Continue Reading >>
Please tune into our next community conference call!
Last Monday, we welcomed 49 dynamic individuals to the Kiva office to train them to become our newest Kiva Fellows team! The Kiva Fellows Program recruits, trains and deploys skilled volunteers for three to four month assignments working directly with our Field Partners.By Friday of last week, we had graduated the group as official Kiva Fellows to be deployed to locations all around the globe, including among others Armenia, Kyrgyzstan, Mexico, Nicaragua, Palestine, Peru and the Philippines.
Thank you for all the concern expressed by lenders regarding the recent tsunami in Samoa (CNN report here.)We have received the following communication from our Field Partner South Pacific Business Development (SPBD), based in Samoa. We are relieved to learn that no staff have suffered casualties, although many of their clients have been affected. At this point we are not sure the extent of damages suffered by SPBD clients, however SPBD is currently working to assess damages.Coincidentally, Kiva had scheduled a Kiva Fellow to begin working with SPBD on September 30 as part of the Kiva... Continue Reading >>
It's no secret that Kiva's first four years have had unprecedented impact-- over $90 million has been raised from over 550,000 users reaching more than 230,000 entrepreneurs in 49 countries. Countless stories have emerged, new friendships have been forged, and lives have been changed. We're blown away by all the dedicated Field Partners and amazing Kiva Lenders who've made all of this possible.But we believe this is only the beginning . . .Kiva is about dreaming big. The entrepreneurs on the website dream about big business; our Field Partners dream... Continue Reading >>
Thank you to all lenders who have expressed concern regarding our Filipino Field Partners that have been affected by the recent flooding in Manila.Here is the latest update we have received from our Field Partner Center for Community Transformation Credit Cooperative (CCT):"September 30, 2009Dear Ministry Partners and Friends,Let me give you an update of our relief operations for those affected by the typhoon Ondoy in the areas where we operate. As of September 30, a total of 4,803 CCT community partners and 26 CCT staff were affected by the flood.CCT has been mobilizing donations in kind... Continue Reading >>
Kiva is thrilled to welcome a new microfinance partner from Sierra Leone to the website, the Association for Rural Development (ARD). ARD is an indigenous Sierra Leonean microfinance institution registered as an NGO and begun in 1986 as a multi-sectoral NGO. The organization has an outstanding loan portfolio of Le 3,667,545,109 ($1,220,485) as of end-FY2008 and a client base of 12,666 active borrowers. Since mid-FY2007, ARD has maintained extraordinarily strong PAR30 (delinquency) figures with low writeoffs driven by a strong credit methodology. Their current branch network includes... Continue Reading >>
As many of you may be aware, the Philippines experienced severe flooding a few days ago as a result of Typhoon Ondoy. CNN has reported the story here.Kiva has 8 active Field Partners in the Philippines, two of which have headquarters in Manila, which was severely affected by the flooding. These two Field Partners are Center for Community Transformation Credit Cooperative (CCT) and Ahon sa Hirap, Inc. (ASHI). Obviously we are greatly concerned for the wellbeing of the staff of our Field Partner, the entrepreneurs they have been serving and the millions of Filipinos in the area.So far, we... Continue Reading >>
First, my name is Dan and I’m a volunteer at Kiva. Over the past two months, I’ve been helping analyze a number of different things from lender behavior to loan and portfolio information.
On Monday’s community call, we discussed the large number of loans which were approaching their expiration date. Out of curiosity, I ran some quick numbers to take a look at loan funding behavior over time (see the slides below).
- More loans are approaching expiration than we have previously seen as of the 29th of...