Kiva is a 501 non-profit organization headquartered in San Francisco, California, that allows people to lend money via the Internet to low-income entrepreneurs and students in 77 countries. Kiva's mission is "to expand financial access to help underserved communities thrive."
Since 2005, Kiva has crowd-funded more than 1.6 million loans, totaling over $1.33 billion, with a repayment rate of 95.8 percent. Over 1.8 million lenders worldwide use the Kiva platform. Lenders do not receive interest on the money they lend. Kiva includes personal stories of each person who applies for a loan so that lenders can connect with borrowers on a human level.
Kiva relies on a network of field partners to administer the loans on the ground. These field partners can be microfinance institutions, social impact businesses, schools or non-profit organizations. Borrowers pay interest on most loans to the field partners, and the field partners are charged small fees by Kiva. Kiva is supported by grants, loans, and donations from its users, corporations, and national institutions.
Highest paying job titles at Kiva include Software Engineer, Chief Marketing Officer (CMO), and Communications Director