• Awarded: 2008
  • Issue Areas: Economic Opportunity · Financial Services
  • Region: Caribbean · Central America · Central and Southern Asia · Eastern and Southern Africa · Eastern Asia · Europe · Middle East and North Africa · North America · Oceania · South America · Southeast Asia · West and Central Africa
  • Web:
  • About the Organization

    We are a non-profit organization with a mission to connect people through lending to alleviate poverty. Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help create opportunity around the world.

    We envision a world where all people – even in the most remote areas of the globe – hold the power to create opportunity for themselves and others.

    Kiva works with microfinance institutions on five continents to provide loans to people without access to traditional banking systems. One hundred percent of your loan is sent to these microfinance institutions, which we call Field Partners, who administer the loans in the field.

    Without access to capital, would-be entrepreneurs cannot realize their ambitions.

    Kiva enables individuals to make loans as small as $25 to emerging businesses.

    Matt Flannery and Premal Shah aim to create a global community of partners to alleviate poverty, one business at a time.

    Kiva has 2 million users; 1.26 million of whom have made one or more loans.

    Ambition for Change

    A world where all people, even in the most remote areas, have safe, affordable access to capital to create opportunity for themselves and others.

    Path to Scale

    Crowd-funded Capital; Partnerships for Lending

    An extensive network of microfinance institutions and other field partners does the work of screening borrowers, posting loan requests to Kiva, administering loans, and collecting payments. Wire transfers facilitate rapid response.

    Business Model

    Revenue from interest paid on capital, supplemented by philanthropic contributions from foundations, corporations, and individual lenders who add a gift to support administrative costs.

    After seeing first hand in East Africa how a small loan could change the life of an entrepreneur in the developing world, Matt and Jessica Flannery founded in 2005 to enable individuals to make loans as small as $25 to enable the development of emerging businesses. Matt quit his job at Tivo to work full time as Kiva’s chief executive. Premal Shah, a product manager at PayPal who had experimented with posting small loan applications on eBay and other innovations in internet microfinance, joined Kiva as its president to help scale the idea. Kiva works with field partners (mostly microfinance institutions, but also schools, nongovernmental organizations, and others) to find borrowers, administer loans, and provide information and stories about the borrowers and their businesses for the Web platform. When lenders receive repayment, they can withdraw to a PayPal account, donate to Kiva to cover operating costs, or make more loans. In its first three years, up to the time of the Skoll Award, 148,000 lenders had used the Kiva platform to provide $25 million in loans, supporting 33,000 entrepreneurs in 40 developing countries.

    Impact & Accomplishments

    • As of February 2015, Kiva has 2 million users; 1.26 million of whom have made one or more loans.
    • 5 million businesses have received loans.
    • Kiva has field partners in 85 countries.
    • The average loan is $417 and the repayment rate is over 98 percent.
    • Kiva is piloting a mobile payment system that sends loans directly to the borrower rather than through an intermediary.


    Bennett GrassanoSenior Director of Development, Kiva
    Cher JacquesRegional Director, Africa, Kiva
    Giovanna MasciHead of Global Partnerships, Kiva
    Matt FlanneryCo-Founder and CEO, Kiva
    Premal ShahCo-Founder and President, Kiva

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