US financier seeks new partners in Pacific

19/08/2013

Kiva, a US-based non-profit organisation with a mission to connect people through lending to alleviate poverty, is seeking partnerships in the Pacific Islands region. <!--more-->With a claimed 99% repayment rate to date, Kiva’s model enables organisations to raise debt directly from social investors via the internet (<a href="http://www.kiva.org">www.kiva.org</a>)

With a successful presence in 72 nations, Kiva is now venturing into the Pacific to build its partnerships. Joanne Gan, Kiva’s portfolio manager for Southeast Asia &amp; the Pacific, has been driving Kiva’s strategy in the region and has been working with <b>Pacific Islands Trade &amp; Invest</b> (<a href="http://pacifictradeinvest.com">www.pacifictradeinvest.com</a>) to identify potential partners that Kiva can help fund.

Kiva is seeking partners with strong social missions who can use Kiva’s capital for lending programmes that benefit the poor in these communities. Kiva currently partners with microfinance institutions, social enterprises, NGOs, and universities in areas including financial inclusion, clean energy, higher education, water and sanitation, mobile technology, innovative agriculture, and fair trade.

Kiva provides organisations with 0% interest, US dollar debt capital in exchange for client impact transparency on the internet. Partners then on-lend this capital to financially disadvantaged entrepreneurs in their respective regions. Losses arising from client default are borne by Kiva’s social investors.

Organisations in this region can benefit from these three different levels of partnership that Kiva offers:
<ul>
<li>Experimental: Light due diligence model for credit lines up to $20,000.</li>
<li>Basic: For credit lines up to $200,000.</li>
<li>Full: Due diligence model involving onsite visit for credit lines up to $2million.</li>
</ul>
To learn more about becoming a Kiva partner, view Kiva’s Guide to Becoming a Field Partner at <a href="http://www.kiva.org/partners/info">http://www.kiva.org/partners/info</a>

If your organisation is interested in partnering with Kiva, please feel free to contact the following for more information:

Joanne Gan, Portfolio Manager for Southeast Asia &amp; the Pacific, KIVA, San Francisco, USA. Email: joanne@kiva.org

Tim Martin, Executive Manager, Investment and Tourism, <b>Pacific Islands Trade &amp; Invest</b>, Sydney, Australia Email: <a href="mailto:tim.martin@pacifictradeinvest.com">tim.martin@pacifictradeinvest.com</a>

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