Comments on: Nonprofit social networks reach escape velocity

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By: Interview with Nobel Peace Prize winner Muhammad Yunas on micro credit’s long shadow » VentureBeat

Thu, 13 Nov 2008 18:00:53 +0000

[...] Prize in 2006 for his work, which has inspired many similar social businesses worldwide, such as Silicon Valley’s own Kiva. Yunas received a “global humanitarian” award from the Tech Museum Awards and said in [...]

By: Online Giving Marketplaces conference shows that social start-ups may prosper in downturn - Start-Up News | Internet Startups

Fri, 10 Oct 2008 01:00:20 +0000

[...] The company takes that money and makes $25 micro loans to entrepreneurs in developing countries. Since its founding in 2005, it has proven extremely popular, winning over advocates such as Oprah W…. Last month, more than 700,000 visitors hit the Kiva web site. The company has more than 400 [...]

By: Online Giving Marketplaces conference shows that social start-ups may prosper in downturn » VentureBeat

Thu, 09 Oct 2008 21:48:44 +0000

By: Intel Developer Forum: Chairman Craig Barrett takes us on a world tech tour » VentureBeat

Tue, 19 Aug 2008 16:40:21 +0000

[...] highlighted Kiva.org, a nonprofit which we chronicled earlier this year, which makes it easy to use the Internet to make “micro finance” loans as small as $25 [...]

By: Wiley Rogers

Wiley Rogers — Tue, 17 Jun 2008 21:36:01 +0000

Your article was interesting to read and informative. When discussing non-profit social networking sites Wiserearth.org should be included. Wiserearth.org is an open source platform generated by the Natural Capital Institute that connects over 100,000 non-governmental organizations around the world. Check out their website at http://www.wiserearth.org.

By: GreenNote lets students get low-cost loans from friends and family » VentureBeat

Tue, 03 Jun 2008 06:11:08 +0000

[...] it much more efficient to gather small amounts of money for those who need it. It’s akin to Kiva.org, which we wrote about a few weeks back, as well as the original micro-finance company Grameen Bank, which both make small loans to the [...]

By: velocity micro

velocity micro — Fri, 16 May 2008 20:31:21 +0000

[...] Kiva??s own network is spreading fast through word of mouth, just like all good viral …http://venturebeat.com/2008/04/29/kivas-social-entrepreneurship-reaches-escape-velocity/Velocity Micro CineMagix M50 Review Velocity Micro is known for making high performance systems that [...]

By: Martin

Martin — Fri, 02 May 2008 01:30:35 +0000

Do you guys know of anyone that is messing around with the idea of small pooled equity investments using the net? I think it would be interesting to have a Pledgebank.com but for funding entrepreneurial ideas.

By: David

David — Thu, 01 May 2008 20:10:50 +0000

I think Kiva demonstrates the power of citizen participation and ownership of the cause. Kiva really took off when it got picked up by the blogging community, citizens endorsing the concept to other citizens. They provided tools for people to share it easily, gift certificates, automatic emails, banners, etc. and they have never had to spend any money marketing themselves, the community does it completely on their own.

I think another factor of the genius of Kiva is their price point of $25. It is low enough that people feel they could risk $25 bucks simply to test out the idea but also high enough that it is a bit of a sacrifice that people have interest that their gift is effective. The price point has allowed a very wide segment of society to participate, from elementary school kids who pool their money, to poor college students, to wealthy professionals who can have a large portfolio of gifts.

The other element of their success is that they connect people to people so the donor and receiver have enough of a relationship, even if it is just seeing each other’s picture, that people feel personally involved.

This kind of wide base of support from participatory citizens leading to organizational sustainability is exactly the model we have been documenting at Ashoka in our Citizen Base Initiative. The power of the internet has allowed Kiva to meet that goal but there are many organizations that are using the same principles on the ground in their local communities.

This is a very different mindset than the historical financing model for nonprofits, large grants from foundations, constantly asking for gifts. I think it’s exciting time to watch the tide turn.

By: From around the web « Kiva.org - Philadelphia

From around the web « Kiva.org - Philadelphia — Thu, 01 May 2008 03:26:51 +0000

[...] Venture Beat’s Dean Takahashi interviews Premal Shah and talks about the context in which Kiva… [...]

By: pligg.com

pligg.com — Wed, 30 Apr 2008 12:30:48 +0000

Nonprofit social networks such as Kiva.org reach escape velocity…

Social networking is starting to make a big impact in the nonprofit space. For instance, according to this article, Kiva.org is now collecting $1M in loan funds every 12 days!…