Finances | Kiva - 0 views
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Kiva covers operating costs primarily through the generosity of our lenders, who can choose to make donations in addition to loans. We cover more than two-thirds of our operating costs through these voluntary donations from Kiva lenders. The remainder of our costs are covered through grants, donations from foundations and supporters and Field Partner service fees. This model of fundraising helps promote sustainability, by keeping our fundraising costs low and tapping into the power of the crowd to help cover our costs.
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kaoutarchennoufi on 12 Feb 21Covering the operations costs by the donations provided by the lenders in addition to the loans in such a clever and innovative cost reduction strategy. Moreover, the transparency that Kiva is showing to the lender will encourage them to give more loans and donations. In other words, they know where their money goes. Otherwise, lenders might think that by donating, they are contributing to the salary of organization's CEO for example and therefore they will refuse to make any kind of donations or even provide loans.
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Kiva User Funds LLC is a separate entity that holds all funds belonging to Kiva users in FDIC-insured, escrow-like bank accounts. These low-yielding FBO accounts were set up to ensure Kiva users’ funds (meant for lending) are protected and fully separated from Kiva’s operational funds.
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100% of your loans go to the field Kiva never takes a fee from lenders, which means 100% of the funds you lend on Kiva go toward supporting borrowers’ loans.
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