Tuesday, January 18, 2011

Kiva And My Outfit: Three Major Departure Points

Image representing Kiva as depicted in CrunchBaseImage via CrunchBaseI am a huge fan of Kiva. They went from raising $5 million five years ago to raising over $100 million last year and are projected to raise close to a billion dollars in five years. But that would still be a drop in the ocean. Global poverty is no small challenge.

There are more than 10,000 MFIs - microfinance institutions - in the world today. But global poverty is as big as ever. It looks like a virgin terrain to me. There is so much work to do.

Going For Profit



Yunus is the father of non profit microfinance. When the white people in the Arctic Zone of Scandinavia awarded him the Nobel Peace Prize, he made a little over a million dollars.