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Microfinance, Upgraded: Kiva

Microfinance, Upgraded: Kiva
kiva logo
© Hyun Shin, Hanyang University
KIVA offers an upgraded version of microfinance.

By leveraging information technology, Kiva has linked the people in developed countries who have money and the people in developing countries who need the money the most.

This Business model can provide an interest-free loan of 20-30 USD to an entrepreneur in Vietnam or Uganda with just a few clicks. When you get repaid, you can take out the money or reuse it to help another entrepreneur.

Graduates of UC Berkeley and Stanford founded Kiva in 2005. Since then, it has raised over 1.2B USD, and provided loans to more than 3 million people in over 80 countries. The repayment rate is over 95%.

What have been the key factors to Kiva’s success?

© Hyun Shin, Hanyang University
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