Session 4a – The KIVA Story (Jessica Jackley)
www.kiva.org is a microlending site of which Jessica Jackley is the co-founder. She is infectiously chipper… and cute – and smart.
You can go to www.kiva.org and make a small loan to a two-thirds world entrepreneur. Started with 7 people and $3000. Today on average, $100,000 is loaned on the Kiva site every 24 hours – and most of that is loaned $25 at a time.
Repayment rate of 98.5%
“We believe that people want to good, they just need an easy and convenient to do so.”
Mission of Kiva: To connect people through lending to alleviate poverty.
Common purpose is the best way to predict an outcome.
Sacrificial giving produces change in the giver. If you give people the opportunity to give sacrificially they will exceed expectations.
For a modern organization to survive, high experience leaders with old ideas need to work with low experience leaders with new idea.
Two-thirds world people can now lend to American entrepreneurs as well.
