Global Civil Society Lecture Series
Social Entrepreneurship: The Story of Kiva.org
Featuring Matt Flannery, Co-Founder and CEO
The RGK Center for Philanthropy and Community Service in partnership with the Global Leadership Center welcomed social entrepreneur Matt Flannery, Co-Founder and CEO of Kiva.org, to the UT campus on Monday, November 24, 2008. Matt shared the story of Kiva.org and how his team was able to transform $25 loans into $50 million in funding for entrepreneurs in the developing world.
Small Loans with a Big Impact
Kiva combines social entrepreneurship with social networking, letting individuals loan money online, typically in $25 increments, to an entrepreneur of their choice in the developing world. Each borrower profiled on the web site is hard-working and hopes to create a sustainable livelihood through a small loan.
Matt addressed not only the success of Kiva, but also the problems and concerns that are involved with lending through Microfinance Institut