Kiva Overview for MFIs Raising low cost capital over the internet "Revolutionising how donors and lenders in the US are connecting with small entrepreneurs in developing countries” “Making microfinance easier...Kiva’s website is easy to use, even for local Cambodian staff who haven’t used computers that long”

Mission Statement: What is Kiva? We envision a world where all people - even in the most remote areas of the globe - hold the power to create opportunity for themselves and others. We believe providing safe, affordable access to capital to those in need helps people create better lives for themselves and their families. How it works: http://www.kiva.org/about/how

Micro Finance: Macro Finance: Micro vs. Macro Small loans, usually given in 3rd world countries, to entrepreneurs to help them get their business off the ground. Macro Finance: Used for significant loan sums. Lender incurs some risk if borrower defaults on loan. Used for multi million/billion dollar projects.

Transparent (“I know where my money is going”) Kiva Introduction: What are Kiva’s benefits? Internet Lender Transparent (“I know where my money is going”) Sustainable (“If repaid, I can re-lend to someone else”) Affordable (“I only need $25 to change someone’s life”) Unique (Connection to borrower, easy to track) Kiva Institution 0% interest charged to borrower No liability: Client loss borne by Kiva Flexible repayment terms -- We are reaching MFIs that could never before access investment capital -- We’ve actually helped start three MFIs

Should your MFI consider partnering with Kiva? Required Characteristics: Average loan size > $100 USD Cost of funds > 4% (in hard currency terms) – Transferring costs Number of clients > 500 Required Capabilities: Ability to connect to the Internet Ability to digitally photograph clients Ability of one staff member to communicate by phone in English By writing, Spanish, French and Portuguese is supported Ability to accept/manage currency risk of 0% interest Ability to accept debt capital from foreign investors and repatriate funds i.e. government allows foreign funds into the country

Kiva partners on the ground approve client and disburses loan How Kiva Works Approve & Disburse Loan Post client data Fund Client 0% interest Repor ting MFI Client $ Kiva partners on the ground approve client and disburses loan – no change to processes

How Kiva Works Approve & Disburse Loan Post client data Fund Client 0% interest Repor ting Loan Application Data Digital Photo

How Kiva Works Average time to 100% funding = 2.2 days Fund Client Approve & Disburse Loan Post client data 0% interest Repor ting Average time to 100% funding = 2.2 days

Kiva aggregates 0% interest USD loan capital How Kiva Works Approve & Disburse Loan Post client data Fund Client 0% Interest Reporting Kiva aggregates 0% interest USD loan capital

How Kiva Works 1. During loan term, MFI only reports the exceptions Approve & Disburse Loan Post client data Lend Funds 0% interest Reporting 1. During loan term, MFI only reports the exceptions 2. End of loan term, impact summary required for each client