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Kiva Microfunds

Kiva Microfunds

San Francisco, CA 94103
Tax ID71-0992446

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Payment method

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Amount

$USD
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About this organization

Revenue

$23,183,659

Expenses

$18,715,309

Website

kiva.org

Mission

More than 1.7 billion people around the world are unbanked and can’t access the financial services they need. Kiva is an international nonprofit, founded in 2005 in San Francisco, with a mission to expand financial access to help underserved communities thrive. We do this by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through Kiva's work, students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care. By lending as little as $25 on Kiva, you can be part of the solution and make a real difference in someone’s life.

About

KIVA PARTNERS WITH OVER 312 GLOBAL MICROFINANCE INSTITUTIONS ("MFIS") AND OTHER SOCIALLY MINDED ORGANIZATIONS AND ENTERPRISES IN MORE THAN NINETY-FOUR (94) COUNTRIES ACROSS THE GLOBE. THIS NETWORK OF PARTNERSHIPS ENABLES KIVA TO CONNECT WITH BORROWERS SEEKING MICRO-LOANS. KIVA'S PARTNER ORGANIZATIONS ARE RESPONSIBLE FOR SELECTING AND VETTING THE BORROWERS AND ADMINISTRATING THE LOANS. KIVA'S ONLINE PLATFORM CONNECTS THESE BORROWERS WITH OVER 1.8 MILLION INDIVIDUALS TO DATE WHO WANT TO CONTRIBUTE LOAN FUNDS VIA THE INTERNET. IN 2012, KIVA INITIATED MORE CONCERTED WORK ON A PILOT PROGRAM (FORMERLY "KIVA ZIP" NOW RENAMED "KIVA UU"), DESIGNED TO TEST THE FEASIBILITY OF FACILITATING MICROFINANCE LOANS FROM KIVA USERS MORE DIRECTLY TO KIVA BORROWERS VIA A SEPARATE WEBSITE URL (ZIP.KIVA.ORG). IN 2016, THE KIVA US WEBSITE WAS INTEGRATED INTO THE MAIN KIVA.ORG WEBSITE.KIVA CREATED KIVA-DAF, LLC ("KDAF") IN 2013 TO HOLD DONOR ADVISED FUND ACCOUNTS, KIVA IMPACT FUNDS, LLC ("KIF") IN 2016 TO FACILITATE MICROLOANS MADE WITH CAPITAL FROM OPIC, AND KIVA PROTOCOL, LLC IN 2018 TO FURTHER ITS MISSION.

Interesting data from their 2019 990 filing

The filing reveals the mission of the non-profit as “Kiva is a non-profit organization with a mission to expand financial access to help underserved communities thrive.”.

When detailing its functions, they were listed as: “Kiva is a non-profit organization with a mission to expand financial access to help underserved communities thrive.”.

  • According to the law, the state where the non-profit operates has been reported as CA.
  • The filing specifies that the non-profit's address in 2019 was 875 HOWARD STREET NO 340, SAN FRANCISCO, CA, 94103.
  • As of 2019, the non-profit's form shows they have a total of 127 employees.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $4,468,350.
  • The organization has 4 independent voting members.
  • The organization was formed in 2005.
  • The organization pays $10,756,728 in salary, compensation, and benefits to its employees.
  • The organization pays $1,435,358 in fundraising expenses.

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