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Engagement Drivers in a Lending Marketplace: The Case for Kiva

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.

Support small business owners in regions affected by violence or instability, where credit is often very difficult to access.

People across the world are economically impacted by the COVID-19 Coronavirus pandemic. Funding these loans will provide a financial safety net during an uncertain time, in addition to leading borrowers on a path to recovery.

Worldwide, women have much less economic opportunity, security, and freedom. Support women starting their own businesses, going to school, and investing in the health of their communities and families.

The idea to expand to higher educational micro-loans was gradual and evolved mostly with feedback from the field.

"Not only are you empowering people who are living in poverty to make meaningful choices for basic human rights, you are also helping children to understand their responsibility to give back to the global community and appreciate the quality of life they enjoy."

he adopted approach is applied and evaluated employing a selection of cases from individual loans. From this perspective, the case base and the codified knowledge about how to evaluate risks associated with a loan represent two examples of knowledge IT artifacts.

Kiva connects your American dollars with a female Palestinian farmer looking for capital to invest in fertilizer, or a Peruvian motorcycle business that needs money to buy tires to resell. On Kiva’s web site right now, Samar from Jordan is looking for a loan to buy a sewing machine to support her embroidery shop, and Julius in Kenya is seeking funds for flour and oil for his catering business. These are real people with real stories, and by investing in them, you help make the world a smaller place.

Fawry offers digital payments to companies and individuals in Egypt Fawry handles around 2.1 million transactions daily and collected 40 billion Egyptian pounds last year

Fawry for Banking Technology and Electronic Payment SAE Extraordinary Shareholders Meeting

Fawry Shareholders Approve To Sell 1000 Shares In Fawry Dahab Electronic Services To Banque Misr

The $6 million investment will help Fawry, a local company, extend its network of payment terminals across Egypt, a country heavily reliant on cumbersome cash transactions. That is expected to help consumers pay bills and make it easier for businesses to receive payments, stoking commerce and economic growth.

The investment is also designed to help restore investor confidence in Egypt and create jobs in its burgeoning high-tech sector.

Fawry, Egypt’s first and largest E-payment company in the Egyptian market signed an agreement to acquire a non-controlling interest in “Waffarha” is a platform that provides various offers and discount vouchers for B2B and B2C through its website and APPs on mobile devices.Tarek Magdy, CEO of Waffarha, said: “Waffarha” was launched 6 years ago as the only platform that provides offers ranging from 50% for B2B and B2C, with more than 1 million social media followers and more than 1000 commercial series.”And he pointed out that “Waffarha” provides many services as (restaurants, cafes, travel, health and beauty, entertainment, etc.). There are 250 thousand customers who have saved nearly 50 million EGP after using “Waffarha”. All offers starting from 50% include taxes and services, and can be paid in different ways by choosing “Fawry Pay” service, which allows customers to pay cash in more than 90 thousand stores of Fawry or by banks (credit cards or direct debit). In addition to paying with “PayPal” through Fawry Pay” Magdy added: “Waffarha” aims to reach its dealings to 150 million Egyptian pounds by 2020″.

Fawry, Egypt’s first and largest E-payment company in the Egyptian market signed an agreement to acquire a non-controlling interest in “Waffarha” is a platform that provides various offers and discount vouchers for B2B and B2C through its website and APPs on mobile devices.

“Fawry” took over “Waffarha” shares | Fawry

Fawry Insurance Brokerage partners with AIG Egypt Insurance Company to launch the digital insurance policy “Qershak el Abyad” through 166,500 Fawry outlets and e-wallets, allowing the insurance policy for more than 30 million Egyptian Fawry users throughout Egypt. The policy provides 75k EGP insurance coverage upon accidents of the candidate, with a monthly premium starting at 10 EGP.

The Financial Regulatory Authority agrees on delivering "Qershak el Abyad" insurance policy through e-channels - Fawry

“Fawry Insurance Brokerage, a subsidiary of Fawry, will play a genuine role in marketing and selling the insurance policies of “Qershak el Abyad” program to millions of Egyptians and payments will be available through more than 166,500 Fawry machines and through e-wallets, so that customers will receive their policies electronically on mobile phones easily, this in cooperation with AIG Egypt Insurance Company, in a step that enhances financial inclusion in Egypt according to the plans and directives of the Egyptian government.”

In the framework of its concern in making it easy for citizens to pay for accessing its e-services via the Internet, in order to reach a society more dependent on electronic payments; WATCH iT! has announced signing a partnership agreement with Fawry the leading Fintech network in Egypt to offer its services through “Fawry Pay” to the public. WATCH iT! It is the first of its kind in Egypt and the newest in the Middle East and North Africa, where the number of its users reaches 1.5 million users and has a huge library the most diverse, containing more than 650 thousand entertainment hours of movies, series and programs that suit all ages.

In the framework of its concern in making it easy for citizens to pay for accessing its e-services via the Internet, in order to reach a society more dependent on electronic payments; WATCH iT! has announced signing a partnership agreement with Fawry the leading Fintech network in Egypt to offer its services through “Fawry Pay” to the public.

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