Overview
What is Kiva Microfunds?
Kiva Microfunds is a nonprofit organization based in San Francisco, California. They specialize in expanding financial access for underserved communities worldwide by facilitating global microloans through an online platform. Kiva partners with over 220 microfinance institutions and other socially-minded organizations in 73 countries. These partners are responsible for selecting, vetting, and administering loans to borrowers seeking funding. Kiva's online platform connects these borrowers with over 2.1 million individuals who have contributed loan funds via the internet. In addition to microloans, Kiva facilitates direct loans to individuals in the United States and manages impact investment funds. Established entities like Kiva-DAF, Kiva Impact Funds, Kiva Capital Management, California Rebuilding Fund, and Small Business Resilience Fund were created to support various initiatives, including blockchain-related projects for global financial inclusion.
Official website here: www.kiva.org
Is Kiva Microfunds legitimate?
Kiva Microfunds is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kiva Microfunds submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,899,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,364,462
For more financial information, click here
Official website here: www.kiva.org
What is the mission statement of Kiva Microfunds?
Kiva Microfunds is a non-profit organization committed to expanding financial access for underprivileged communities worldwide. It achieves this mission by providing an online platform that facilitates microloans, partnering with 223 active global microfinance institutions, and managing impact investment funds. By enabling individuals to contribute loan funds via the internet, Kiva connects borrowers in need with potential lenders. Kiva's online platform also supports direct loans to individuals in the United States. Furthermore, Kiva has established various subsidiaries, such as Kiva Capital Management, to manage impact investment funds and provide financial support to small businesses affected by COVID-19. Kiva's blockchain-related work, led by Jurnus LLC, is dedicated to promoting global financial inclusion.
Official website here: www.kiva.org
Who is the CEO of Kiva Microfunds?
Liz Ray is the Board Of Director of Kiva Microfunds. The CEO's salary of Kiva Microfunds is $0 and their total compensation is $0.
Official website here: www.kiva.org
What is the revenue of Kiva Microfunds?
Who are the executives of Kiva Microfunds and what are their salaries?
The average compensation at Kiva Microfunds during 2023 was $83,905. There are 170 employees and 465 volunteers at Kiva Microfunds.
Here are 24 key members and their salaries (Kiva Microfunds's CEO's salary is $0 and their total compensation is $0):
- Christopher Tsakalakis (Ceo) [Trustee/Director]
- Austin Choi (General Counsel)
- Chad Sterbenz (Chief Investment Officer)
- Sarah Marchal Murray (Chief Officer, Strategic Partnerships)
- Annette Promes (Chief Marketing Officer)
- Mathew Flaming (Vice President, Engineering)
- Donald Carter (Exec. Vp, People & Places)
- Nathan George (Vice President Of Engineering, Protocol)
- Martha Siemers (Vice President, Product)
- Elizabeth Ray (Chief Financial Officer)
- Pradeep Ragothaman (Director Of Data Science)
- Kristina S Schwartz (Assistant General Counsel)
- Celia Wong (Managing Director, Kiva Capital)
- Kathleen Guis (Vice President, Impact Investments)
- Bryan Pon (Senior Director, Strategy)
- Julie Hanna Farris (Board Of Director)
- Jason Eyler (Former Executive Vice President, Marketplace)
- Reid Hoffman (Board Of Director)
- John Muller (Board Of Director)
- Maya Chorengel (Board Of Director)
- Andre Haddad (Board Of Director)
- Silvija Martincevic (Board Of Director)
- Vishal Ghotge (Ceo) [Trustee/Director]
- Anna Titulaer (Vice President, Business Development)
Official website here: www.kiva.org
Where can I find the form 990 for Kiva Microfunds?
The Kiva Microfunds’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.kiva.org
Learn more at the official website: www.kiva.org
Mission Statement of Kiva Microfunds
Kiva Microfunds, a non-profit organization, strives to expand financial access for underprivileged communities worldwide. It achieves this mission through an online platform that facilitates global microloans and the management of impact investment funds. By partnering with 223 active microfinance institutions and socially-minded organizations and enterprises in 73 countries, Kiva is able to connect borrowers in need of micro-loans with over 2.1 million individuals who wish to contribute funds via the internet. In addition to these partnerships, Kiva also facilitates direct loans to individuals in the United States.
Founded in 2013, Kiva-DAF, LLC and Kiva Impact Funds LLC were established to hold donor-advised fund accounts and facilitate microloans made with capital from the Overseas Private Investment Corporation, respectively. In 2019, Kiva Capital Management was created to manage impact investment funds as an exempt reporting advisor. Furthermore, California Rebuilding Fund LLC and Small Business Resilience Fund LLC were initiated in 2020 to provide support to small businesses impacted by COVID-19 in California and international locations. Lastly, Jurnus LLC was established in late 2020 to house Kiva's blockchain-related work in support of global financial inclusion.
Impact
This information is meant to be a general summary of Kiva Microfunds. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Kiva Microfunds has made a significant impact by expanding financial access to underserved communities globally through its online platform that facilitates microloans. It has partnered with over 200 global microfinance institutions and socially minded organizations in 73 countries, connecting borrowers with individuals who want to contribute loan funds. To date, Kiva has facilitated over 2.1 million individual loans, empowering borrowers to start or grow businesses, improve their livelihoods, and support their families. In addition, Kiva has also launched various initiatives such as the Kiva Impact Funds, Kiva Capital Management, and initiatives like the California Rebuilding Fund and Small Business Resilience Fund to provide support to businesses affected by challenges like COVID-19. With a mission to promote financial inclusion and economic empowerment, Kiva's impact reaches far and wide, making a positive difference in the lives of many individuals and communities around the world.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES - INVEST FOR WO
Revenue
$1,014,981
MANAGEMENT FEE REVENUE
Revenue
$97,320
PHILANTHROPIC FEE FOR SERVICE
Revenue
$493
Organization Details
Founding Year
2005
Phone
(415) 358-7500
Principal Officer
Liz Ray
Main Address
986 MISSION STREET STE 400, SAN FRANCISCO, CA, 94103
Website
www.kiva.org
NTEE Category
Code: Q20 - International
If you are a representative of Kiva Microfunds and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.