Technology, Social Finance and the Future of
Financial Inclusion
“We are all familiar with the concept of a Church with no walls...
...Kiva Zip is a new kind of wonder - a lending organization with no physical
bank, no profit, and no interest. It exists purely.....on faith.”
Ted Jefferson, Bronx Shepherds Restoration Corporation introducing Kiva Zip to fellow leaders of faith-based organizations
TECHNOLOGY HUMANITY
TECHNOLOGY HUMANITYDigital Payments
Social ConnectivityCrowdsourcing
TECHNOLOGY HUMANITYDigital Payments
Social ConnectivityCharacterGenerosityHuman tiesSelf-Service
TECHNOLOGY HUMANITYDigital Payments
Social ConnectivityCharacterGenerosityHuman tiesSelf-Service
Zero cost to serveZero InterestCrowd-funded Loans
to small business borrowers more “trustworthy”
than their credit score suggests
=
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The Need
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Micro-preneur needs
•Working capital•Lowering cost: buying in bulk, productivity appliances•Increase scale/revenues•Reliable production quality•Protection against risks •Fixed startup costs (renovations, licenses)
The Solution:unlocking wealth from ‘idle capacity’?
share
Space
share
Stuff
share
Skills
share
Space
share
Stuff
share
Skills
share
Spare $
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How Kiva Zip works in practice:
Victor’s Cafeto CoffeeshopKiva Zip Story
Victor, Cafeto and a 0%, $5,000 loan
Victor’s ‘trustee’, MEDA
MEDA ‘endorsed’ Victor
Victor’s ‘crowd’ of lenders
Lenders expressing support, and even becoming customers
Victor updating his lenders
Victor is now 100% repaid…
…And he’s applying for a second, larger loanfor his 2nd coffee shop 1 year later!
Victor then endorsed his friend Rocio for a loan
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Examples of Organizations partnering Kiva Zip as trustees
SEEDSPOTIncubator, AZ
GREENHORNSnonprofit, small farm-innovation
SYRACUSE UNIVERSITY Institute for Veterans & Military Families
TEAM ETSY LITTLE ROCKCommunity Center for African American Business
St Louis, MO
Oakland City Church (Pastor Josh McPaul)
Future of Financial Inclusion?
“Anyone”
38%
5%7%7%8%
9%
27%
FoodShopsAccess, CraftContractors, Cleaners, MechanicsFarmstech/appsother
Don’t need a special idea, or great marketing or videos to get funded
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