Company Overview

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Founded:
March 1, 2005
Founders:
Matthew Flannery, Jessica Jackley
Headquarters:
San Francisco, CA
Funding:
$9M
Categories:
Finance

Kiva is a peer-to-peer micro-lending site that allows low-income entrepreneurs in developing countries to obtain loans.

Description

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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... See More

Current Team (17)

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Board Members and Advisors (3)

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Products (1)

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    Kiva

    Kiva was added to CrunchBase in 2007

Funding Rounds (3) - $9M

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Investors (1)

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Offices/Locations (1)

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  • Office

    3180 18th Street, Suite 201

    San Francisco, CA 94110

    USA

Competitors (5)

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