General powerpoint preso 1 2010121

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Transcript of General powerpoint preso 1 2010121

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First loans made in Uganda, 2005

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Introduction to MicrofinanceHalf the world lives on <$2/day

Microfinance is the provision of financial services to the poor

Give a man a fish, feed him for a day.Teach a man to fish, feed him for a lifetime.

What if he knows how to fish, but just can’t afford a fishing net?

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“Kiva in a Box”: The Big Picture

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The Traditional Microfinance Lending Process

Microfinance Institutions

Entrepreneurs

Banks and NGOs

• Microfinance institutions typically get the money that they lend, from banks or non-governmental organizations, or both

• This can be expensive, as it is often borrowed with interest• There may also be difficult application procedures to access

debt capital from non-governmental organizations• Some organizations can even find themselves shut out due

to the region they operate in, particularly post-conflict regions

• Restrictions that microfinance institutions face ultimately affect the entrepreneurs, who rely on microfinance institutions to serve them

InternetLender

Online marketplaceLocal Partner

(MFI)Entrepreneur

Money

Information

How Kiva works

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Online lending platform• Kiva.org is a

website which allows you to lend to an entrepreneur who needs a loan

• Through Kiva, you loan as little as $25 to an entrepreneur at 0% interest

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www.kiva.org

The Kiva website lists loan requests which you can browse, just like browsing items on eBay or another website

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www.kiva.org

Size of the loan and status

Summary of the business and loan, including

when it is expected to be

paid back

Information on the microfinance institution which is managing the

loan on the ground

Picture of the entrepreneur

Description of the business and

what the loan will be used for

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www.kiva.org

The business page also shows you all of the

other people around the world who are

contributing to this loan

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Expanding to over 54 countries

Mexico

GuatemalaHondurasNicaragua

HaitiDominican

Republic

SamoaEcuador

Peru

BoliviaParaguay

Senegal

Sierra Leone Cote

d’Ivoire

Ghana

Togo

Nigeria

Cameroon

DRC

Mozambique

Tanzania

KenyaUganda

South Sudan

Indonesia

VietnamCambodia

NepalPakistan

Afghanistan

TajikistanLebanon

Gaza Iraq

Azerbaijan

UkraineMoldovaBosnia

Bulgaria

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Where are we today?

Please update with latest statistics from kiva.org

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Yenku: Sierra LeoneYenku Sesay is a 30 year old Sierra Leonean

In 2006 rebel soldiers cut off his

hands as punishment for voting

When he was 21 years old, Yenku was a double amputee, whose only prospects were begging in the streets of Freetown

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Yenku Sesay: Survival to SuccessYenku was approached by a microfinance institution

The microfinance institution encouraged Yenku to take a loan of 300,000 Leones (about $100) to start a small business

Yenku sold soap, biscuits and small items for a small profit

As Yenku made a profit, he reinvested it into the business

Yenku now supports his family of three children, and even pays for his younger brother’s schools fees

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How can you help?1) Invite your friends to join Kiva

- Using Kiva’s Invitation Systemhttp://www.kiva.org/do-more

2) Join an existing Lending Team- Use the message board to engage members

http://www.kiva.org/community

3) Start your own Lending Team- Use the “Lending Team Playbook” to help grow your team

http://www.kiva.org/do-more/playbook

4) Use Social Media to help spread the word- Facebook (>60K fans)

http://www.facebook.com/kiva- Twitter (>340K followers)

http://twitter.com/kiva- LinkedIn (>10K members)

http://www.linkedin.com/static?key=groups_giving_kiva

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Questions?

www.kiva.org

Loans that Change Lives