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Kiva Zip Overview -- US

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by

Justin Renny

on 20 December 2013

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Transcript of Kiva Zip Overview -- US

Kiva Zip is a website that enables financially excluded and socially impactful entrepreneurs to access 0% interest loans through crowdfunding.


Welcome to
Kiva was founded in 2005 and made its first loan in Uganda. We aim to connect people through lending to alleviate poverty and inspire economic opportunity around the world.
Trustees
It is the responsibility of trustees to:

Find eligible borrowers for a Kiva Zip loan
Publicly endorse them on the Kiva Zip website
Provide ongoing support throughout the loan term

Trustees have no money at risk if a borrower they endorse does not repay, but their reputation is tied to borrowers’ performance.

Every borrower on Kiva Zip is endorsed by a Trustee. Trustees add credibility by vouching for an entrepreneur's character and business viability.
25 million micro-enterprises in the United States

18 thousand microfinance loans made last year
0% interest rate

First loan can be up to $5k; subsequent loans up to $50k

Up to 24 months repayment term

Grace periods available for startups and agricultural businesses

Repayments made in regular weekly or monthly installments

Disbursals and repayments made electronically via Paypal

With thousands of lenders on Kiva, your loan will be funded by hundreds of people. These are potential brand ambassadors, customers, and evangelists of your businesses.
Financial Capital
Expanding Access to Capital
0% interest business loans

Small size – first loan can be up to $5k Subsequent loans up to $50k

Easy online application -- everything centralized on Kiva Zip website
Every day 8,000 entrepreneurs or would-be entrepreneurs are turned down by banks for small business loans.
While banks are rejecting entrepreneurs, on Kiva Zip ordinary people are saying YES in large numbers.
Social Capital

Brand Ambassadors
Customers
A community of support
True Impact
“Kiva Zip is an invaluable resource for entrepreneurs”, Emiliana

“Having 45 people invest in Pac Brew Labs is like hiring 45 brand ambassadors”, Bryan
"Lenders are the gift from Kiva. They are the ones who encourage and believe in us", June
“I didn’t think character based lending existed anymore. It’s an amazing use of technology to bring us back to the basics”, Cristian
They are turned down for a number of reasons, including

Kiva Zip loans are not based on conventional financial metrics, but rather:
Kiva Zip enables you to access thousands of individual lenders around the world who want to invest in you

Lenders are...
“Kiva Zip is an invaluable resource for entrepreneurs”, Emiliana

"Lenders are the gift from Kiva. They are the ones who encourage and believe in us," June
“I didn’t think character based lending existed anymore. It’s an amazing use of technology to bring us back to the basics”, Cristian

“Having 45 people invest in Pac Brew Labs is like hiring 45 brand ambassadors”, Bryan
Trustees can be organizations or individuals. Through their endorsement, you'll be able to qualify for the Kiva Zip program.
The Kiva Zip Model
Flexible Loan Terms
Up to 24 months terms

Grace periods available for startups and agricultural businesses

Repayments made on regular weekly or monthly installments via PayPal


Kiva Zip Borrowers Should
Have a strong business concept

Be a good person

Not be heavily indebted

Either be financially excluded or having a positive social impact with their business


No or damaged credit history
Insufficient collateral
Not enough years in business
The character of the borrower
Trust-based relationships
Transparency, commitment, passion
Lend

Borrow

Endorse
Support a U.S. entrepreneur with financial and social capital.
Zip.Kiva.org/Loans

Access a 0% interest Kiva Zip loan to invest in your business.
Zip.Kiva.org/Borrow

Become a trustee and enable an entrepreneur to access a Zip loan.
Zip.Kiva.org/Trustees

If you would like to learn more about becoming a borrower, Trustee, or lender
on Kiva Zip you can reach us at contactzip@kiva.org
Full transcript