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sawsanenn

When fintech met crowdfunding - AltFi - 0 views

www.altfi.com/..._when-fintech-met-crowdfunding

FinTech Financial inclusion Strategies

shared by sawsanenn on 13 Feb 21 - No Cached
  • It became clear that fintech companies began to prize crowdfunding three years ago. Monzo crashed our servers in 2016 when it raised £1m in 96 seconds. Last December, the now-serial crowdfunding neobank raised £20m from retail investors. 
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Crowdfunding would be a beneficial strategy for EasyEquities to help young entrepreneurs raise money for their new investments.
  • The world’s leading fintechs are using crowdfunding to cement and enhance their relationship with their customers. The latest Unicorns report from Beauhurst, an independent analysis firm, identifies the UK’s 21 unicorn companies – those worth $1bn (around £760m) or more. Of the 21, six are fintechs, and two are digital banks: Monzo and Revolut. Both have turned to crowdfunding – at a time when they are the darlings of the tech scene and its investors – to raise capital. 
    • hichamachir
      hichamachir on 13 Feb 21
       
      Crowdfunding is becoming a very used strategy for fintechs because it's a concept that help entrepreneurs finance their projects. Also it's a concept that makes the community more connected
  • The staggering thing about Monzo’s raise – and it speaks volumes about where crowdfunding and fintech have reached – is that it did not need to raise the £20m from any of us on the street. In October – i.e. just two months shy of the raise – the bank had closed an £85m round led by VC firm Accel. Raising £20m is no walk in the park. You need to build a prospectus, which is a lengthy and expensive process. Monzo’s crowdfunding raise capped all investments at £2,000, meaning the team chose to have more investors to look after. 
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt uses the example of Monzo's fundraising through crowdfunding to show that the latter could be a great source of financing for fintech companies.
  • ...3 more annotations...
  • Making consumers owners and giving them a say has become integral to how these companies run. Indeed, many are now building their own platforms to manage ownership. What does this tell us about the future? Here are businesses offering equity – not for money, not because they want to list, but to build an affinity with their customers. As these relationships evolve, both sides benefit: greater engagement – better products – more customers – growth – profit – both sides capitalise.  It could be called the democracy of building business. Technology is making this shift around the consumer possible not just in finance, but across markets. While the former has emerged as the vanguard, there are other non-tech sectors that have leapfrogged traditional ownership structures and cemented their own success. Food and beverage, historically underserved by the financial world, was an early adopter of crowdfunding. BrewDog is the poster child for this – a four-time Crowdcube funded brewery. It has 120,000 investors, aka Equity Punks, who, in its words, kick-started the craft beer revolution and, presumably, enjoy its beer. The prospect gets so much more exciting when you start to think of the markets that are hardest to disrupt, build a community around, and fight injustices: insurance, mining, the coffee industry, healthcare.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Here the positive side of crowdfunding is presented and includes the ownership of customers over the businesses/brands they fo to. Crowdfunding here appears to be a great opportunity, which the article describes as the democracy of building business.
  • The world’s leading fintechs are using crowdfunding to cement and enhance their relationship with their customers. The latest Unicorns report from Beauhurst, an independent analysis firm, identifies the UK’s 21 unicorn companies – those worth $1bn (around £760m) or more. Of the 21, six are fintechs, and two are digital banks: Monzo and Revolut. Both have turned to crowdfunding – at a time when they are the darlings of the tech scene and its investors – to raise capital. 
    • ghtazi
      ghtazi on 13 Feb 21
       
      what we can say is crowdfunding is the future for fintech. using Crowdfunding will helps the fintech to have a stronger and powerful relationship with its customers.
  • To answer that, I believe we have to go back to the financial crisis. After 2008, a chasm opened up in financial markets, encouraged by a profound lack of trust. We’re well-versed with the outcomes. The banks that survived had to change their ways, and new players came onto the scene. A decade later, it is the novel relationship between these latest entrants and consumers that gives us an idea of what the future looks like: a world where any business-to-consumer company knows that sharing ownership with its customers is fundamental to long-term success. This is the cooperative movement of the twenty-first century, and it is driven by technology.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      This could imply that future companies are effective for a variety of reasons. Rather than capitalizing on cost savings, piling up high-quality products and selling them cheaply, or structural brands that are more myth-based than substance-based, they will be firms that effectively utilize network effects, concentrate on being a product first, and bake their clients into everyones brand
kenza_abdelhaq

Fintech Trends: Crowdfunding | finleap - 1 views

www.finleap.com/...fintech-trends-crowdfunding

Fintech Strategy Crowdfunding Borrowing

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • The most obvious benefit of crowdfunding for entrepreneurs is the funding. With so many startups on the market, it is hard to gather the money needed to bring ideas to life. Through crowdfunding, ventures that do not have a company builder like FinLeap behind them, can gain support at the very beginning. Crowdfunding provides a way for innovate ideas to be presented attractively, so it can be launched. Moreover, a crowdfunding platform can help successful entrepreneurs to validate their product which can then help with gathering the Series A funding. It makes validation faster and more scalable. Additionally, a crowdfunding platform allows entrepreneurs to get insights from their future customers and experts in the startup field while building awareness for the idea. [3]
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Crowdfunding would help EasyEquities come up with new innovative ideas for entrepreneurs and future customers. With this strategy, the company will always be classified high in the "Trend" sectors of the FinTech industry.
  • One thing to remember, however, is that the entrepreneur does not choose his investors which leads to unclear boundaries in the process. In addition, depending on the platform, entrepreneurs have to pay out between 8% and 12% of their raise which has to be budgeted in. [5] Moreover, crowdfunding platforms usually require through reporting and disclosure procedures that are strictly followed, making every step of the entrepreneur difficult. Due diligence is also absent as investors can contribute very small amounts, so are not particularly concerned with it. [6]Finally, the low percentage of success in crowdfunding is the main disadvantage
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      Though crowdfunding appears to be a great opportunity, this excerpt introduces us also to the drawbacks of this fintech strategy in order for us to make an informed decision when formulating a strategy. Problems of failure, due diligence, disclosure of confidential information to investors and the need for entrepreneurs to pay a certain percentage of their raise, and the need to carefully budget the amount needed since it cannot be changed later, are really discouraging many fintech companies from considering crowdfunding as an option.
  • the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet”. Thus, crowdfunding has become the champion of small businesses, allowing them to have a chance to succeed by showing their innovate business models to the world
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Crowdfunding is a great alternative to have access to financing even though the success rates of these campaigns may be low, but the prompt describing the project should be promising and innovative.
nouhaila_zaki

Top 10 Benefits Of Crowdfunding - 0 views

www.forbes.com/...-10-benefits-of-crowdfunding-2

Crowdfunding Fintech Strategy Benefits

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Capital doesn’t come so easy to entrepreneurs these days. In 2012, the total number of loans and money distributed in the U.S. via the Small Business Administration has dropped as much as 20 percent! Also, nearly 98%of the business plans received by accredited investors and VC’s are rejected. Without a doubt, the current business-funding environment is in need of disruption. One such disruption is the rising industry of crowdfunding, which involves a platform, an individual or entity in need of funding, and a community of people willing to collectively contribute these funds in exchange for rewards and recognition. The amount of money raised by crowdfunding platforms during 2012 is expected to reach $2.8 billion, up 91% since 2011.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it describes how complicated it is for entrepreneurs to access funding from accredited investors. The rise of crowdfunding is described as a disruption and thus a strategy that could be used by the eligible companies we've seen so far.
hichamachir

The Best Smart Scales In 2021 To Help You Shed Those Extra Pounds - 0 views

www.forbes.com/...-10-benefits-of-crowdfunding-2

Crowdfunding Strategy Fintech

shared by hichamachir on 13 Feb 21 - No Cached
  • One such disruption is the rising industry of crowdfunding, which involves a platform, an individual or entity in need of funding, and a community of people willing to collectively contribute these funds in exchange for rewards and recognition. The amount of money raised by crowdfunding platforms during 2012 is expected to reach $2.8 billion, up 91% since 2011.
    • hichamachir
      hichamachir on 13 Feb 21
       
      Pula can uses crowdfunding in order to help small scale farmers that can't finance high risks insurance go for it.
kenzabenessalah

Top 10 Benefits Of Crowdfunding - 2 views

www.forbes.com/...-10-benefits-of-crowdfunding-2

EasyEquities Crowdfunding Strategy Investment

shared by kenzabenessalah on 13 Feb 21 - No Cached
  • Since the launch of CoFoundersLab, one of the largest networks for entrepreneurs, we have seen many small businesses and entrepreneurs flourish and benefit from the aid of this industry. However, being successful in startup fundraising via crowdfunding is not as easy as it seems. It comes with a lot of effort and dedication, but if one puts in the necessary work, they can realize fortunes that go far beyond just the raising of money.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Crowdfunding comes with a lot of dedication and hardwork. If EasyEquities believes in the value of this strategy, its entrepreneurs could make fortunes.
mohammed_ab

0% Interest Small Business Loans | Kiva - 1 views

us.kiva.org/wenyc

Kiva Crowdfunding Entrepreneurs Microfinance Women

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Kiva expands access to and lowers the cost of capital for small business owners by providing 0% interest, crowdfunded loans, raised from its network of 1.6 million supportive lenders around the world. Many of these lenders become borrowers' new customers, brand advocates, and biggest fans.
  • WE NYC has partnered with Kiva, a platform specializing in crowdfunded loans, to help more women entrepreneurs achieve crowdfunding success. Participating in WE Fund Crowd means WE NYC will be your first lender, pledging 10%, or up to $1,000, of your crowdfunding goal. Friends, family, and new supporters who see your campaign will know that WE NYC believes in your business and your dreams.
  • chaimaa-rachid on 13 Feb 21
     
    Kiva has a very interesting platform that aims to help small businesses that have no interest.
  • mohammed_ab on 13 Feb 21
     
    This partnership between the city of New York and Kiva should be an example for all major cities.
chaimaa-rachid

About | Kiva - 0 views

www.kiva.org/about

life improve people

shared by chaimaa-rachid on 07 Feb 21 - No Cached
  • 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.
  • 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.
    • aminej
      aminej on 11 Feb 21
       
      Kiva is an interesting platform that offers very interesting funding access to people in different areas of the world. It would enable them to either start a new business or improve theirs. There are already 1.9 million lenders which is quite huge and a repayment rate of 95.9% so I believe that it is really developped.
  • 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.
    • kaoutarchennoufi
      kaoutarchennoufi on 12 Feb 21
       
      Kiva is a very impactful organization since it financially helps students and women who want to start their own business. It is well known that these two categories usually face difficulties to contract loans or get any financial service. We need more organizations like Kiva all around Africa.
  • ...2 more annotations...
  • Kiva started as a pioneer in crowdfunding in 2005, and is constantly innovating to meet people’s diverse lending needs. Whether it’s reinventing microfinance with more flexible terms, supporting community-wide projects or lowering costs to borrowers, we are always testing and learning.
  • We envision a financially inclusive world where all people hold the power to improve their lives.
  • hichamachir on 07 Feb 21
     
    I love the concept of Kiva where you can see technology helping people in their lives. The company aims to link borrowers with lender in order to improve the lifestyle of the people interested in this service. I just like the way Fintech plays a big role in improving our life and Kiva is just a good example of it.
  • chaimaa-rachid on 13 Feb 21
     
    Kiva provides attractive access to funding individuals to improve their lives.
mohammed_ab

Crowdsourcing student loans: Student financing in Kenya with Kiva and Strathmore Univer... - 1 views

resources.norrag.org/...kiva-and-strathmore-university

Kiva Crowdfunding Entrepreneurs Microfinance

shared by mohammed_ab on 12 Feb 21 - No Cached
  • n 2012, the micro-lending institute Kiva partnered with Kenya’s Strathmore University to offer tuition loans to low-income students. The loans were crowdfunded by Kiva and distributed by Strathmore University, who selected applicants based on the criteria of having high academic performance and coming from a low-income household, among other requirements. From 2012 to 2018, Kiva fundraised USD 762,675, which was distributed to 84 students who received an average loan of USD 9,004. The program ended in 2018 because the delinquency rate had risen to 14.65%, with many students being unable to pay back their loan owing to scarce job opportunities after graduation (Kiva, 2018).
    • hichamachir
      hichamachir on 12 Feb 21
       
      Kiva is treating a very important point in the society. It's to facilitate students loans. I think that kiva is playing it smart at this point because as we know students loans can be expensive to get and kiva found a solution for which can make the company very successful.
  • In 2012, the micro-lending institute Kiva partnered with Kenya’s Strathmore University to offer tuition loans to low-income students. The loans were crowdfunded by Kiva and distributed by Strathmore University, who selected applicants based on the criteria of having high academic performance and coming from a low-income household, among other requirements. From 2012 to 2018, Kiva fundraised USD 762,675, which was distributed to 84 students who received an average loan of USD 9,004
  • mohammed_ab on 13 Feb 21
     
    I think that Kiva is a platform that could benefit different market segments. Their main value proposition is to help entrepreneurs find funds for their business. However, as it can be seen in this article, Kiva could also serve students who have difficulties in financing their studies. I think that this is the power of crowdfunding, It can be used in many areas of life.
hichamachir

Prosocial Crowdlending in Kenya - 0 views

ideas.repec.org/...d-1166.html

Crowdlending Kenya KivaZip

shared by hichamachir on 12 Feb 21 - No Cached
  • The crowdfunding industry has emerged in the past few years as one of the most promising alternative financing options. Lending and donating operations accounted for 81% of the crowdfunding industry's $34.4 billion total funding volume in 2015. Kiva Zip, a prosocial program, created an online platform that provides 0% interest peer-to-peer loans and has features in common with lending and donating crowdfunding platforms.
  • hichamachir on 12 Feb 21
     
    I think that delivering a service with 0% interest rate is a brilliant idea from Kiva. Customers always look for cheap and efficient services and Kiva does provide these two components. Kiva has a brilliant future if they can control the social market because it's the future especially after this current pandemic.
chaimaa-rachid

Kiva To Offer Its Zero-Interest Crowdfunded Loans To Small Businesses Nationwide - 0 views

www.forbes.com/...to-small-businesses-nationwide

mico-lending crowdfunding small-businesses

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Since its founding ten years ago, Kiva’s micro-lending platform has helped entrepreneurs in emerging markets borrow $788 million from average Joes in increments as little as $25.
  • chaimaa-rachid on 13 Feb 21
     
    Kiva is making loans easy for people which is amazing. I think this company will have an extraordinary future.
mohammed_ab

Kiva Is Really A Crowdfunded Bank For Refugees And Other 'Unbankables' - 2 views

www.forbes.com/...refugees-and-other-unbankables

Kiva Crowdfunding Entrepreneurs

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Kiva lenders receive on average about 96% of their money back and agree not to receive interest. “It is done philanthropically,” Shah says. For many, presumably, it is their first impact investment.
  • Kiva lenders receive on average about 96% of their money back and agree not to receive interest. “It is done philanthropically,” Shah says. For many, presumably, it is their first impact investment.
  • mohammed_ab on 13 Feb 21
     
    I like the fact that almost all lenders in Kiva platform don't receive interest in return. I think it's really hard to find someone that agrees to lend you money without paying interest in return. I really like the fact that these lenders see their investments in this platform as a social act and not as an act for personal gains.
  • mehdi-ezzaoui on 13 Feb 21
     
    kiva a solution for refugees and unbankables
mehdibella

In a cash-strapped age, are microloans the answer? | World news | The Guardian - 0 views

www.theguardian.com/...ancing-poverty-good-news-loans

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • Millions of people in developing countries depend on microloans to raise the funds to grow a business or just stay afloat in hard times. And thanks to digital platforms, smartphones and free-moving global capital, growing numbers of people in the rich world are using their money to lift others out of poverty.
  • But the reality is often a lot messier – something that may not initially be obvious to the lender. In fact, like Cabusog and Lendwithcare, borrowers and crowdfunding sites connect via local partner microfinance institutions (MFIs) who do the essential work of assessing creditworthiness and administering loans. To pay for that, most MFIs charge interest to borrowers, often at wildly varying rates.
  • Kiva is the slickest of the microfunding websites, offering a mind-bogglingly glossy catalogue of projects sorted into different categories, countries and attributes, all illustrated with backstories and pictures.
  • ...2 more annotations...
  • Kiva is often already in the borrower’s pocket, lent by a local MFI long before the loan target has been met. There are good practical reasons for this, explains Kathy Guis,
  • Kiva is using blockchain technology in Sierra Leone to create an online ID database so that loan applicants outside the formal banking system can prove their credit history, and it hopes to extend the system to other countries if successful.
  • mohammed_ab on 13 Feb 21
     
    It seems that microfinance or crowdfunding is life-saving for many young entrepreneurs. However, there are some practices that sometimes interfere with the non-profit status of companies like Kiva. On Kiva's website, It's stated that loans are free of charge, but the MFIs charge interest to borrowers at varying rates depending on the region, which might affect the borrowers.
mehdibella

Kiva Is Really A Crowdfunded Bank For Refugees And Other 'Unbankables' - 0 views

www.forbes.com/...refugees-and-other-unbankables

Kiva kenya Nairobi Fintech finance

shared by mehdibella on 13 Feb 21 - No Cached
  • You’ve probably heard of Kiva, but if you aren’t among the 1.7 million people who have made loans on the platform, you may not really know what it is. This crowdfunding platform is, in effect, a bank funded by people who lend their money with an expectation of losing only a little, to 2.9 million people who stand to gain a lot.
  • Today, Kluge serves as an advisor on Kiva’s leadership council. Kiva’s senior investment manager for refugees and displaced populations, Lev Plaves, serves on the steering committee for the Refugee Investment Network.
  • The fund provided $5 million in loans to more than 8,000 refugees and yielded something that is almost invaluable: data. The fund proved that refugees are just as likely as most—and more likely than some—to repay their loans, making way for more loans and economic support for this particularly vulnerable population.
aminej

EasyEquities puts startup crowdfunding offering 'on hold until further notice' - Ventur... - 0 views

ventureburn.com/...easyequities

Shares Financial Literacy Fintech Platform Service Mobile Trading Investing

shared by aminej on 13 Feb 21 - No Cached
  • First announced last year in December, EasyEquities crowdfunding campaign entailed an indirect investment into a Mauritian entity which would then subsequently invest in the 10 startups from Startupbootcamp Cape Town‘s first cohort. The investment round was initially slated for launch on 15 January, however this was postponed earlier this month to 1 February so that the platform could update the shareholder prospectus — which lays out the terms of the investment.
    • aminej
      aminej on 13 Feb 21
       
      I believe that investing should be without any intermediary on EasyEquities because otherwise it would lose that aspect where they help people to know more about finance and trading
mohammed_ab

Kiva: A crowdlending twist on traditional microfinance - Digital Innovation and Transfo... - 0 views

digital.hbs.edu/...st-on-traditional-microfinance

Kiva Crowdfunding Africa Microfinance

shared by mohammed_ab on 13 Feb 21 - No Cached
  • Kiva utilizes an innovative peer-to-peer crowdlending platform to enable budding entrepreneurs across the globe to access the funds they need to help themselves out of poverty. Kiva, founded in 2005, was one of the first non-profit platforms developed to enable “crowdlending” of loans to entrepreneurs in developing countries unable to access credit in more formal manners. Kiva’s innovative model of using the internet to enable peer-to-peer transactions has largely been successful to date. Over 1.3M individuals have lent to over 1.7M entrepreneurs around the world, with a total of almost 1M loans amounting to $773M.
  • mohammed_ab on 13 Feb 21
     
    This excerpt explains exactly the mission of Kiva, a crowdfunding platform that links borrowers and lenders around the world to support entrepreneurs who have difficulties accessing formal loans. I really like the idea behind this fintech as it solves a major issue in emerging countries.
mehdi-ezzaoui

FinTech startup Ocrolus partners with Kiva to launch a new lending program to offer zer... - 1 views

techstartups.com/...gram-offer-zero-interest-loans

KIVA Fintech lending

shared by mehdi-ezzaoui on 13 Feb 21 - No Cached
  • Kiva is the world’s first and largest crowdfunding platform for social good with a mission to connect people through lending to alleviate poverty. By lending as little as $25, anyone can help a borrower start or grow a business, go to school and realize their potential. Since 2005, Kiva and its growing global community of 1.7 million lenders have crowdfunded more than $1.1 billion in microloans to over 2.9 million entrepreneurs in 85 countries, with a 97 percent repayment rate.
  • mehdi-ezzaoui on 13 Feb 21
     
    FinTech startup Ocrolus and Kiva are unveiling a new lending scheme for zero-interest loans
samiatazi

Donations Have Become Easier Through SnapScan | Feenix Blog | Crowdfunding for Students - 0 views

feenix.org/18

Snapscan Feenix Innovation Donation Fintechs

shared by samiatazi on 13 Feb 21 - No Cached
  • Thanks to SnapScan the Feenix community can now make a monthly contribution to fund students.Feenix allows everyday people and businesses to donate what they can so students can graduate and actively participate in our economy. We believe that access to education should not be dependent on wealth. Driven by our community’s commitment to combat student-debt we were inspired to find the safest, easiest and most convenient way for the community to make donations on a monthly basis.  As a result, we have partnered with SnapScan! The innovative mobile payment application that allows funders to make donations quickly. Launched in 2013, SnapScan has changed the way we make payments-one snap at a time!With the snap of the unique Feenix QR code you can make an immediate donation. By scanning the code, you will be given the option to not only make a once-off donation, but also set up a recurring donation from as little as the cost of two coffees, the amount is up to you! Scan Now to start donating monthly.
  • These recurring SnapScan donations go into the Feenix Pool Fund, the collective fund made up of donations from different funders which is then allocated to students according to the B-BBEE scorecard. Preference is also given to students who are active and involved with Feenix. All funds are paid directly to the applicable universities on a semiannual basis or at the Trustees discretion.You can make a difference today! No need for cash, cards or EFTs. SnapScan enables you to make a simple and safe donation that will alleviate the impact of financial stress on students. The benefit of SnapScan donations means that you can make a donation from wherever you find yourself. You’ll be able to view your recurring donations on the SnapScan app and are free to cancel your monthly donation at any time ensuring that you have control over your contributions.So #JOINTHECROWD and make your donation today. When you donate to the Feenix Pool Fund, you support the vision for a society in which all are able to fulfil their potential regardless of wealth.
    • samiatazi
      samiatazi on 13 Feb 21
       
      Feenix partnered with SnapScan to make donating to students simpler. With a QR code snap, a contribution to the Feenix Pool Fund may be made automatically. the contribution can be as small as the price of 2 cups of coffee. Both funds go directly to involved and Feenix interested students. I find that Contributing to students wellfare is amazing by this parternship.
mohammed_ab

A competitor for Kiva? - 1 views

blogs.worldbank.org/...a-competitor-for-kiva

Kiva Crowdfunding Entrepreneurs Microfinance Mobile Movement

shared by mohammed_ab on 13 Feb 21 - No Cached
  • if someone doesn’t want to have that relationship but they want to microfinance, Kiva’s the best. For someone who’s interested in dialoguing and learning more and building relationships or having contact, this is where Mobile Movement becomes a new platform.
  • MobileMovement, a "next-generation microfinancing site, where donors and participants can communicate directly with young social entrepreneurs in the slums of Nairobi.
  • .if someone doesn’t want to have that relationship but they want to microfinance, Kiva’s the best. For someone who’s interested in dialoguing and learning more and building relationships or having contact, this is where Mobile Movement becomes a new platform.
  • chaimaa-rachid on 13 Feb 21
     
    Kiva has many competitors, but it still dominates the market for people who want to do microfinance.
  • mohammed_ab on 13 Feb 21
     
    This article talks about the different competitors of Kiva. What got my interest is that in Kiva, there isn't the possibility to dialogue and build contacts with the entrepreneurs you want to invest in. I believe that microfinance should be more than just money and funding, communication and sharing knowledge with the entrepreneur is also very important.
mohammed_ab

Former Kiva.org CEO Starts Mobile Microfinance Effort in Kenya - 2 views

www.philanthropy.com/...e-microfinance-effort-in-kenya

Kiva Crowdfunding Entrepreneurs Microfinance

shared by mohammed_ab on 12 Feb 21 - No Cached
  • The downloadable Branch app analyzes social and financial data on a borrower’s phone to determine creditworthiness before providing up to $20. Those with a “digital identity” too limited to establish credit standing can start off borrowing smaller amounts and climb a “trust ladder” to larger loans by timely repayment. Kiva.org, launched in 2005, facilitates more than a million dollars a week in small loans to entrepreneurs in developing countries by matching them with microlenders.
  • The downloadable Branch app analyzes social and financial data on a borrower’s phone to determine creditworthiness before providing up to $20. Those with a “digital identity” too limited to establish credit standing can start off borrowing smaller amounts and climb a “trust ladder” to larger loans by timely repayment. Kiva.org, launched in 2005, facilitates more than a million dollars a week in small loans to entrepreneurs in developing countries by matching them with microlenders.
  • hichamachir on 12 Feb 21
     
    Connecting lenders with borrowers is not an easy task. I think that we should give credits to Kiva for doing this great task!
  • mohammed_ab on 13 Feb 21
     
    I like the fact that Kiva does give the chance to everyone to borrow money, even if you don't have a digital identity, which is in my opinion is a necessity in such a business model. It's also very interesting to see the volume of lending per week.
mohammed_ab

How to Get a Kiva Loan: A Step by Step Guide - Small Business Trends - 2 views

smallbiztrends.com/...how-to-get-a-kiva-loan.html

Kiva Crowdfunding Entrepreneurs Microfinance

shared by mohammed_ab on 12 Feb 21 - No Cached
  • Kiva Small Business Loan FeaturesSome attractive aspects of a Kiva loan includes more flexible terms, low costs to borrowers and emphasis on supporting community-wide projects that can shape the future for a family or an entire community.
  • Some attractive aspects of a Kiva loan includes more flexible terms, low costs to borrowers and emphasis on supporting community-wide projects that can shape the future for a family or an entire community.
  • hichamachir on 12 Feb 21
     
    Kiva is helping financing many important projects in Kenya. This business is changing people's life and I think that's the objective of Fintechs.
  • mohammed_ab on 13 Feb 21
     
    I think that we should see more fintech companies like Kiva. I believe that fintech companies should always offer solutions that support community projects. I like the social impact that Kiva has on African countries.
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