Future of Microfinance views on emerging trends in social entrepreneurship by Jessica Jackley
the one-for-one social enterprise business model What’s new with Kiva? I advise the company, but I'm not a board member or a staff member, so I'm not there day to day. But I can say that the organization has been experimenting. Old Kiva is: lender, Kiva, microfinance institution as the field partner, and then the borrower. The field partner would administer the loan, collect payments, et cetera. The new model--that is, Kiva Zip--is more lender, borrower. Kiva is there as a trustee to kind of vouch for the individual. It will get more and more direct over time. Kiva Labs is another really great initiative. It’s experimenting around loan terms, to figure out ways to make sure the loan is really causing the most positive impact possible in the lives of the poor. Traditional, more-strict loan terms have not always ended up with the greatest social impact. Kiva Labs is trying to figure that out.
http://www.mckinsey.com/insights/innovation/disrupting_beliefs_a_new_approach_to_business-model_innovation
http://www.mckinsey.com/insights/innovation/disrupting_beliefs_a_new_approach_to_business-model_innovation