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Organization:Kiva

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Created page with "<h1> Overview<br /> </h1> <p><img _fck_mw_valid="false" _fck_mw_filename="Kiva" _fck_mw_location="none" alt="Kiva" class="fck_mw_notfound" /> [[File:|334px]] </p> <p style="te..."
<h1> Overview<br /> </h1>
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<p style="text-align: justify"><span style="font-size:larger">There&#160;are&#160;many&#160;students&#160;on&#160;campuses&#160;across&#160;America&#160;who&#160;are&#160;working&#160;on&#160;solutions&#160;for&#160;the&#160;developing&#160;world.&#160;These&#160;solutions&#160;range&#160;from&#160; $2&#160;birth&#160;kits&#160;that&#160;preventwomen&#160;in&#160;India&#160;from&#160;giving&#160;birth&#160;in&#160;unsanitary&#160;conditions&#160;and&#160;solar&#160;lights,&#160;to&#160;corn&#160;shellers,&#160;irrigation&#160;pumps&#160;and&#160;bicycle powered&#160;phone&#160;chargers.&#160;However,&#160;student fall&#160;short&#160;if/when&#160;they&#160;don't&#160;figure&#160;out&#160;the&#160;sustainable&#160;mechanisms&#160;to&#160;bring&#160;the&#160;product&#160;to&#160;market.&#160; The&#160;students&#160;who&#160;succeed&#160;create&#160;win-win&#160;solutions&#160;for&#160;entrepreneurs in&#160;the&#160;developing&#160;world&#160;who&#160;can&#160;increase&#160;their&#160;personal&#160;income&#160;by&#160; being&#160;distributors&#160;and&#160;resellers.&#160;Kiva,&#160;and&#160;other&#160;microfinance&#160;organizations,&#160;may&#160;serve&#160;as&#160;a&#160;platform for&#160;American&#160;students&#160;who&#160;are&#160;looking&#160;at those&#160; types&#160;of&#160;world-changing&#160;solutions.<br /></span></p><p style="text-align: justify"><span style="font-size:larger">Founded&#160;in&#160;2005&#160;by&#160;Matt&#160;Flannery&#160;and&#160;Jessica&#160;Jackley&#160;and&#160;headquartered&#160;in&#160;San&#160;Francisco,&#160;CA,&#160;Kiva&#160;Microfunds&#160;is&#160;a&#160;non-profit&#160;organization&#160; that&#160;allows&#160;lenders&#160;tomake&#160;loans&#160;via&#160;the&#160;Internet&#160;to&#160;entrepreneurs&#160;and&#160;students.&#160;As&#160;of&#160;November&#160;2013,&#160;Kiva&#160;has&#160;distributed&#160;almost $500&#160; million&#160;from&#160;1&#160;million&#160;lenders&#160;to&#160;1.2&#160;million&#160;borrowers</span>.</p>
<h1> Purpose<br /> </h1>
<p style="text-align: justify"><span style="font-size:larger">Kiva&#160;aims&#160;to&#160;create&#160;an&#160;international&#160;platform&#160;that&#160;connects&#160;lenders&#160;and&#160;low&#160;income&#160;individuals/underserved&#160;entrepreneurs&#160;from&#160;around&#160;the&#160; world.&#160;Kiva&#160;connect&#160;people through&#160;lending&#160;to&#160;alleviate&#160;poverty&#160;and&#160;create&#160;opportunities&#160;for&#160;entrepreneurs&#160;who&#160;lack&#160;access&#160;to&#160;start-up&#160;capital.&#160; Their&#160;operation&#160;mainly&#160;revolves&#160;around&#160;the&#160;idea&#160;of microfinance.&#160;Microfinance&#160;is&#160;a&#160;general&#160;term&#160;used&#160;to&#160;describe&#160;financial&#160;services&#160;to&#160;low- income&#160;individuals&#160;or&#160;to&#160;those&#160;who&#160;do&#160;not&#160;have&#160;access&#160;to&#160;typical&#160;banking&#160;services.The&#160;concept&#160;of&#160;microfinance&#160;conveys&#160;the&#160;idea&#160;that&#160;low- income&#160;individuals&#160;are&#160;capable&#160;of&#160;lifting&#160;themselves&#160;out&#160;of&#160;poverty&#160;if&#160;given&#160;access&#160;to&#160;financial&#160;services.&#160;Kiva's ultimate&#160;goal&#160;is&#160;to&#160;find a&#160; &#160;</span><span style="font-size:larger"></span><span style="font-size:larger">sustainable&#160;mechanism&#160;to&#160;continuously&#160;provide&#160;safe,&#160;affordable&#160;access&#160;to&#160;capital&#160;to&#160;those&#160;who&#160;in&#160;need&#160;through&#160;microfinance.</span></p>
<h1> Distinct&#160;Differences&#160;From&#160;Other&#160;Offerings<br /> </h1>
<p style="text-align: justify"><span style="font-size:larger">Kiva&#160;Microfunds&#160;is&#160;one&#160;of&#160;the&#160;first&#160;organizations&#160;that&#160;have&#160;succesfully&#160;discovered&#160;and&#160;developed&#160;a&#160;sustainable&#160;microcredit&#160;concept.&#160;They&#160;allow&#160; indivisualds&#160;to&#160;loan&#160;as&#160;little&#160;as&#160;$25&#160;to&#160;help&#160;entrepreneurs&#160;in&#160;the&#160;developing&#160;world&#160;to&#160;expand&#160;their&#160;business.&#160;There&#160;are&#160;four&#160;major&#160;steps&#160;involved&#160; when&#160;making&#160;a&#160;loan&#160;through&#160;Kiva.&#160;First,&#160;100%&#160;of&#160;lender's&#160;loans&#160;will&#160;be&#160;sent&#160;to&#160;microfinance&#160;institutions&#160;that&#160;Kiva&#160;has&#160;been&#160;working&#160;with&#160;(which&#160; are&#160;called&#160;Field&#160;Partners)&#160;who&#160;administers&#160;loans&#160;in&#160;the&#160;field.&#160;Next,&#160;lenders&#160;will&#160;get&#160;updates&#160;on&#160;the&#160;progress&#160;of&#160;their&#160;loans&#160;from&#160;Kiva&#160;and&#160;they&#160;will&#160; be&#160;able&#160;to&#160;trace&#160;the&#160;path&#160;of&#160;their&#160;donation.&#160;As&#160;borrowers&#160;repay&#160;their&#160;loans,&#160;the&#160;money&#160;becomes&#160;available&#160;in&#160;the&#160;lenders'&#160;Kiva&#160;accounts&#160;and&#160;now&#160; the&#160;lenders&#160;can&#160;either&#160;reuse&#160;this&#160;money&#160;to&#160;fund&#160;another&#160;loan,&#160;donate&#160;it&#160;to&#160;Kiva&#160;or&#160;withdraw&#160;it&#160;from&#160;the&#160;account.&#160;&#160;&#160;</span></p>
<h1> Impact&#160;Achieved&#160;For&#160;Students&#160;And&#160;Campus<br /> </h1>
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<p style="text-align: justify"><span style="font-size:larger">The&#160;Kiva&#160;Internship&#160;Program&#160;has&#160;been&#160;providing&#160;rich,&#160;educational&#160;experiences&#160;for&#160;students&#160;who&#160;can&#160;dedicate&#160;6&#160;months,&#160;part-time,&#160;to&#160;work&#160;on&#160; high&#160;impact&#160;projects&#160;with&#160;Kiva.&#160;In&#160;addition&#160;to&#160;working&#160;with&#160;their&#160;teams,&#160;Kiva&#160;provides&#160;a&#160;robust&#160;microfinance&#160;and&#160;career&#160;development&#160;program,&#160; including&#160;monthly&#160;microfinance&#160;classes,&#160;professional&#160;development&#160;workshops,&#160;a&#160;professional&#160;development&#160;club&#160;and&#160;an&#160;alumni&#160;network&#160;of&#160;over&#160; 300&#160;Kiva&#160;Intern&#160;alums.&#160;The&#160;in-depth&#160;projects&#160;students&#160;contribute&#160;to&#160;during&#160;their&#160;internship&#160;help&#160;them&#160;build&#160;a&#160;career&#160;in&#160;the&#160;International&#160; Development&#160;and&#160;Social&#160;Enterprise&#160;fields,&#160;as&#160;well&#160;as&#160;open&#160;them&#160;to&#160;a&#160;network&#160;of&#160;mission&#160;focused&#160;non-profits&#160;and&#160;tech&#160;startups.</span></p>
<h1> Steps&#160;Required&#160;To&#160;Bing&#160;Resource&#160;To&#160;Campus<br /> </h1>
<p><span style="font-size:larger">In&#160;order&#160;to&#160;bring&#160;the&#160;resource&#160;to&#160;campus,&#160;student&#160;leaders&#160;need&#160;to&#160;spread/raise&#160;awareness&#160;about&#160;the&#160;opportunities&#160;Kiva&#160;provides.&#160;Follow&#160;the&#160; steps&#160;below&#160;to&#160;apply&#160;for&#160;Kiva’s&#160;Internship&#160;Program.<br /></span>
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<ol><li><span style="font-size:larger">Visit&#160;Kiva’s&#160;website&#160;in&#160;March&#160;to&#160;find&#160;out&#160;more&#160;information&#160;about&#160;the&#160;application&#160;process.</span>
</li><li><span style="font-size:larger">Fill&#160;out&#160;the&#160;application&#160;form;&#160;submit&#160;a&#160;resume&#160;and&#160;a&#160;cover&#160;letter&#160;to&#160;be&#160;considered&#160;for&#160;a&#160;general&#160;internship/volunteer&#160;position.</span>
</li><li><span style="font-size:larger">Only&#160;selected&#160;applicants&#160;will&#160;be&#160;contacted&#160;for&#160;an&#160;interview.</span>
</li><li><span style="font-size:larger">Final&#160;interview&#160;&amp;&#160;selection&#160;process</span>
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<p><span style="font-size:larger">*&#160;Kiva&#160;only&#160;hosts&#160;three&#160;internship&#160;classes&#160;per&#160;year&#160;with&#160;35&#160;people&#160;in&#160;each&#160;class.&#160;They&#160;receive&#160;around&#160;250&#160;-&#160;300&#160;applicants&#160;each&#160;year&#160;which&#160; gives&#160;an&#160;acceptance&#160;rate&#160;of&#160;only&#160;10&#160;-&#160;15%.</span>
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<h1> Contact Information<br /> </h1>
<p><span style="font-size:larger">To get in contact with Kiva, submit a request or call (828) 479-5482 (Voicemail).<br /></span>
</p><p><span style="font-size:larger">Visit Kiva's website for more information. kiva.org</span>
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