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Spring2008 icePoverty Block6Group4. Understanding Kiva.
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Understanding Kiva ‘I'd love to teach a man to fish.’ In other words, if you give a man a fish, it solves the problem for one day, but if you teach a man to fish, it solves the problem for a lifetime. What we argue at Kiva is that most of the working poor today actually know how to fish. They just need a little seed capital to buy a boat and a net.With that, they could actually start earning income for their families. And then they could start paying for their children's education, paying for their own health expenditures and basically just creating a sustainable livelihood for themselves. So, it's access to credit that's important. - Premal Shah, President of Kiva.org
Understanding Kiva Lender Entrepreneur
Leveraging partnerships to spread the word • Market Kiva through partnerships with key online advertising and social networking websites • Google, YouTube, Yahoo!, MySpace, Facebook • Kiva spreads mission through networking communities, blogs, word of mouth, and merchandising (Kivapedia, KivaFriends, Oprah)
Kiva has critics I think Kiva is a totally unnecessary organization that exists to please the people who are participating and isn't making any real difference. -Thomas Dichter, former U.N. and World Bank microfinance consultant
An integrated approach to poverty elimination: Kiva and BRAC Sudan
Kiva partners with smaller MFIs that don’t have access to low-cost capital • Bubble size indicates gross loan portfolio • Yellow bubble represents median level for all non-Kiva MFIs
Why is Kiva great for Sudan? • Bypasses the unreliable Sudanese government • Helps raise and distribute capital to those who need it most • Raises awareness
Kiva raises awareness and connects Sudan with the rest of the world
So what else can you do with $50? Naomi Mensah'sKiva Website
Questions? Spring2008icePovertyBlock6Group4