Funding Received
$9 Million in 3 Rounds from 1 Investor
Most Recent Funding
$3 Million Grant on December 16, 2013
San Francisco, CA
Kiva is a peer-to-peer micro-lending site that allows low-income entrepreneurs in developing countries to obtain loans.
Jessica Jackley, Matthew Flannery

Company Details


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.

Current Team (17)


Past Team (14)


Funding Rounds (3) - $3M


Investments (1)


Board Members and Advisors (3)


Products (1)

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    Kiva was added to CrunchBase in 2007

Offices/Locations (1)

  • Office

    3180 18th Street, Suite 201

    San Francisco, CA 94110


Competitors (6)

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