Kiva Annual
picture of a leaf
picture of Matt Flannery
Matt Flannery,
Co-Founder and CEO
picture of Premal Shah
Premal Shah, President

Belief in humankind and innovation has always driven our work here at Kiva, but never more so than it did in 2013. We grew the Kiva Zip program, held the first Kiva U Summit, and launched Kiva Labs during one of the most eventful years in our history.

What are we achieving through these new initiatives? With Kiva Zip, we're offering 0% interest, mobile credit, and promoting a model of "social underwriting" that sheds new light on what it means to be creditworthy. With Kiva U, we’re bringing the next generation into the movement, connecting students and educators in the pursuit of new ideas. With Kiva Labs, we’re identifying new types of partners with higher impact loans, targeting innovative agriculture, water and sanitation, clean energy and more, so that we can all get closer to some of the poorest people in the world.

Our most important achievement of 2013, however, was reaching the milestones of both one million lenders and one million borrowers worldwide! We would not be where we are today without the support of our incredible community.

This annual report is one massive thank you note from Kiva to you. It’s your work. We are humbled to be a conduit of change, through you.

signatures of Matt and Premal
  • Arpine   |   Armenia

    Arpine is a 25-year-old mother of two who runs an animal breeding and land cultivation business with her husband in Sevan, Armenia. A loan of $1,375 helped her buy oat seeds and fodder for her animals, which she successfully repaid in March 2013. (Photo: Liz Fisher)

  • Khon   |   Cambodia

    She may be 65 years old, but Khon is still a hard-working woman running her own weaving business outside of Phnom Penh City. She used her first Kiva loan to purchase silk materials. (Photo: Lina Goldberg)

  • Zobeyda   |   Nicaragua

    Part of Kiva’s expansion into different types of products includes renewable energy loans, and Zobeyda used her loan to buy a 100-watt solar system to light up the home where she also runs her grocery store. (Photo: Matt Bastone)

  • Catherine   |   Uganda

    Kiva has partnered with the nonprofit Solar Sister in Uganda to help build a network of female entrepreneurs selling affordable solar technology in their communities. Catherine (left), who is also a full-time teacher, is one of them. (Photo: Liz Vidyarthi)

  • Lilit (and Susanna)   |   Armenia

    Lilit was enrolled in college but nearly had to drop out because tuition costs were too high. Her mother, Susanna, applied for a loan of $350 to pay Lilit’s tuition, keeping her dream of becoming a teacher alive. (Photo: Liz Fish)

  • Pius   |   Kenya

    Pius is part of the Pamoja borrowing group that partners with Nuru International to benefit from their agricultural input loans. A loan of $300 helped Pius—only 18 years old—purchase hybrid seeds and fertilizer to increase his crop yield. (Photo: Katrina Ngo)

  • Gailunei   |   India

    As a member of the Ever Green group, Gailunei used a loan of $775 to re-stock and expand the small convenience store she opened in her remote village in northeastern India. (Photo: Michelle Boyd)

  • Letticia   |   Zimbabwe

    The state of agriculture in Zimbabwe was in turmoil in 2013, but Letticia was focused on the future. She used her loan to buy a water pump, irrigation pipes and fertilizer to increase her production. (Photo: Patrick Hayes)

  • Adama   |   Sierra Leone

    Adama works in her shop from 8:00 in the morning to 7:00 at night every single day. With a loan of only $150, Adama was able to purchase the palm oil she needed to expand her business and start selling foodstuffs in addition to her existing products. (Photo: Yvonne Deane)

  • Taleb   |   Palestine

    Living in a small village in Palestine that is famous for its fruits and vegetables, Taleb runs a greenhouse that grows some of the best. He used his loan of $500 to purchase new seedlings and fertilizers to expand his seasonal harvest. (Photo: Shereen Masoud)

  • Martha (Boda Boda Entrepreneur)   |   Kisii, Kenya

    Martha purchased a motorbike to start a taxi business. But when she couldn't afford repairs, it seemed like that would be the end of her venture. However with the $125 loan she was able to get via Kiva Zip, Martha got her taxi business running again. (Photo: Michelle Thevil)

  • Kyle   |   San Francisco, CA

    On a trip to Bali, Kyle spotted a unique pair of sandals. He launched Indosole to replicate them using natural material and discarded motorbike tires. So far he's sold about 16,000 pair, saving over 8,000 tires from landfills and creating 40+ jobs for Balinese artisans. (Photo: Brandon Smith)

Kiva 2013 financial health display