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Kiva Zip presentation given at a joint panel with Kiva, Accion Venture Labs, Lenddo. Moderated by Shannjit Singh (technologist, innovation and investment banking consultant for micro/social finance sector). Can learning and applying the same technologies we use to share Space (airbnb), Stuff, and Skills (Skillshare) to unlock wealth from Spare Change into small business growth? Kiva Zip is an experiment to do exactly that. Crowdfunding financially-excluded businesses begins with just $25 of spare change.
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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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2
3
4
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
