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General Information


San Francisco, USA
3180 18th Street, Suite 201
San Francisco, CA, 94110


Co-founder & CEO
VP Product
Board of Directors
Board Director
Microfinance Partnerships Manager
Microfinance Partnerships Manager
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Grant, 8/2010
Angel, 3/2012
Reid Hoffman
Grant, 12/2013




Kiva is a nonprofit, personal micro-lending site that facilitates loans between lenders and low-income entrepreneurs in developing countries, using local lending companies and organizations as intermediaries. Lenders can find the business and entrepreneur they want to lend to based on region, business type, risk level, etc. Each posted loan is accompanied with bios for the respective entrepreneur, details on the why and what the loan is going to be used for, total amount raised from other lenders, loan duration (usually 6-12 months) and loan default risk.

Taking small payments, usually $25, from a bunch of Kiva lenders raises the loans. Once a loan’s full amount has been raised it is transferred to one of Kiva’s field partners. In most cases the field partners have already disbursed the loans depicted before they are posted for “backfilling” by lenders on the Kiva website. Field partners are local microfinance institutions (MFIs) in developing countries that find, track and manage entrepreneurs and then disburse and collect the microloans. Even though lenders and Kiva do not charge interest, the field partners charge interest averaging 35% per year to the entrepreneurs.

When loans have been repaid in full they are transferred back to Kiva and then to Kiva lenders via PayPal. PayPal has allowed Kiva to transfer loans back-and-forth from the lenders without transaction fees partly because of Kiva’s nonprofit nature and partly because of Kiva president Premal Shah’s past job of being a Principal Product Manager at PayPal.

Kiva pioneered the concept of allowing local field partners to post individual loan stories for funding by individuals over the internet. Up until 2009 Kiva was alone in their business model of sourcing loan capital from individuals over the internet as a nonprofit entity. In 2009, the nonprofit lending platform Zidisha was founded with the purpose of reducing interest costs for borrowers by eliminating the local field partners and allowing lenders and entrepreneurs in developing to transact directly. Other p2p lending sites, like Prosper, Zopa and Lending Club, make lower-risk loans to people in the same country as for-profit entities. Online p2p lending is new and it is hard to maneuver around financial regulations to make higher-risk, international loans as a for-profit entity, which is partly why Kiva formed as a non-profit.

Recent Milestones

  • Dollar
    Kiva received $3M in Grant funding. (12/16/13)
    Posted 12/16/13 at 10:50pm via
  • Check
    Kiva — Receives $3 Million Google Global Impact Award to Launch Kiva Labs (12/12/13)
    Posted 12/12/13 at 10:27pm via
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    Kiva — Kiva Hits $200 Million in Microfinance Loans (4/5/12)
    Posted 4/19/11 at 3:35pm via
  • Dollar
    Kiva received $1M in Angel funding. (3/13/12)
    Posted 3/13/12 at 7:18pm via
  • Dollar
    Kiva received $5M in Grant funding. (8/12/10)
    Posted 8/12/10 at 1:18pm via
  • Check
    Kiva — $100 million in loans raised. (10/31/09)
    Posted 11/6/09 at 12:01pm via
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    Kiva added Cailin Nelson as Director of Engineering. (9/1/09)
    Posted 12/28/11 at 12:06pm
  • Check
    Kiva added Phu Hoang as Advisor and Vice President of Product and Engineering. (7/1/09)
    Posted 8/29/13 at 3:57am
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    Kiva added Sanjaya Punyasena as Fellow. (6/1/08)
    Posted 5/20/13 at 5:37am
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    Kiva added Jen Hamilton as CFO. (8/1/07)
    Posted 8/23/07 at 2:06am
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    Kiva added John Berry as Microfinance Partnerships Director.
    Posted 8/23/07 at 2:05am
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    Kiva added Anushka Ratnayake as Fellows Program Manager.
    Posted 8/23/07 at 2:09am
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    Kiva added Michelle Kreger as Microfinance Partnerships Manager.
    Posted 8/23/07 at 2:09am
  • Check
    Kiva added Mary Ann Walsh as Editing Program Manager.
    Posted 8/23/07 at 2:14am
  • Check
    Kiva added Fiona Ramsey as Public Relations Director.
    Posted 8/23/07 at 2:06am
  • Check
    Kiva added Jeremy Frazao as Technology Director.
    Posted 8/23/07 at 2:06am




Tags leading, microfinance, altruism, donation
Kiva screenshot
Above: Kiva Screenshot -- #1
Uploaded: 9/19/11

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  1. Kiva banks $5M grant from Omidyar Network ( [edit]
  2. LinkedIn’s Reid Hoffman Gives Kiva $1 Million To “Empower Everyone” ( [edit]
  3. Microlender Kiva gets $3M grant from Google; Aims to tackle microfinance 2.0 ( [edit]
  4. Kiva Lenders surpass $100,000,000! ( [edit]
    P2P Lending News ( [edit] Receives $3 Million Google Global Impact Award to Launch Kiva Labs ( [edit]
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Last Edited 4/16/14

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