kiva zip, technology & the future of financial inclusion 2013
DESCRIPTION
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.TRANSCRIPT
![Page 1: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/1.jpg)
Technology, Social Finance and the Future of
Financial Inclusion
![Page 2: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/2.jpg)
“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
![Page 3: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/3.jpg)
![Page 4: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/4.jpg)
TECHNOLOGY HUMANITY
![Page 5: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/5.jpg)
TECHNOLOGY HUMANITYDigital Payments
Social ConnectivityCrowdsourcing
![Page 6: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/6.jpg)
TECHNOLOGY HUMANITYDigital Payments
Social ConnectivityCharacterGenerosityHuman tiesSelf-Service
![Page 7: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/7.jpg)
TECHNOLOGY HUMANITYDigital Payments
Social ConnectivityCharacterGenerosityHuman tiesSelf-Service
![Page 8: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/8.jpg)
Zero cost to serveZero InterestCrowd-funded Loans
to small business borrowers more “trustworthy”
than their credit score suggests
=
![Page 9: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/9.jpg)
9
The Need
![Page 10: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/10.jpg)
21
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)
![Page 11: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/11.jpg)
The Solution:unlocking wealth from ‘idle capacity’?
![Page 12: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/12.jpg)
share
Space
share
Stuff
share
Skills
![Page 13: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/13.jpg)
share
Space
share
Stuff
share
Skills
share
Spare $
![Page 14: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/14.jpg)
14
How Kiva Zip works in practice:
Victor’s Cafeto CoffeeshopKiva Zip Story
![Page 15: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/15.jpg)
Victor, Cafeto and a 0%, $5,000 loan
![Page 16: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/16.jpg)
Victor’s ‘trustee’, MEDA
![Page 17: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/17.jpg)
MEDA ‘endorsed’ Victor
![Page 18: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/18.jpg)
Victor’s ‘crowd’ of lenders
![Page 19: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/19.jpg)
Lenders expressing support, and even becoming customers
![Page 20: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/20.jpg)
Victor updating his lenders
![Page 21: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/21.jpg)
Victor is now 100% repaid…
![Page 22: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/22.jpg)
…And he’s applying for a second, larger loanfor his 2nd coffee shop 1 year later!
![Page 23: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/23.jpg)
Victor then endorsed his friend Rocio for a loan
![Page 24: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/24.jpg)
24
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)
![Page 25: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/25.jpg)
Future of Financial Inclusion?
“Anyone”
![Page 26: Kiva Zip, Technology & The Future of Financial Inclusion 2013](https://reader034.vdocument.in/reader034/viewer/2022052523/55516c4eb4c9057e458b4667/html5/thumbnails/26.jpg)
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