GOOD

Kiva + PayPal: 10 Years of Small Loans and Big Impact

In our first issue, GOOD profiled an emerging nonprofit with a wild idea. A decade later, that little nonprofit has made nearly a billion dollar difference

“My jaw dropped—knowing it was utterly brilliant,” recalled Max Schorr, fellow co-founder of GOOD, of the first time he met with Jessica Jackley and her then-fledgling nonprofit Kiva. This was more than a decade ago, the fall of 2005. GOOD hadn’t technically launched yet, though we’d set our launch date in the months ahead. Kiva was in prototype stage as well. Both our organizations, along with a scattering of other aspiring and active social innovators, piled into a side room of the Net Impact conference held at Stanford to set up our tables and hawk our big ideas to whomever might pass by.

Microlending pioneer Kiva and it's founders profiled in the premier issue of GOOD in 2006.


At GOOD, we had a vision of using media to change culture, to change the way people thought about what it meant to do well or live well—we called it "giving a damn.” Kiva had a vision of using technology to change how we get people out of poverty—they called that microlending.

The Kiva founders, Matt Flannery and Jessica Jackley, saw the growth of a new kind of financial institution across the developing world that had figured out how to make very small loans to people who needed just a few hundred or few thousand dollars to change their prospects in life. These microfinance organizations were proving hugely successful and serving vast numbers of people that had never been reached by traditional banking. Meanwhile, Matt and Jessica were deep in the midst of the explosion of early peer-to-peer internet technologies coming out of their local Bay Area start-up scene. Connecting the two worlds, they came up with the idea for Kiva: Building on top of PayPal’s payment system, they’d make it possible for people anywhere to help fund loans to borrowers coming through microfinance organizations around the world.

[quote position="full" is_quote="true"]My jaw dropped—knowing it was utterly brilliant...[/quote]

Back in the side room of the Net Impact conference, Jessica enthusiastically delivered this big idea to Max (who was sitting in front of a makeshift carnival game he’d concocted to drum up subscribers to our coming magazine): “Jessica came up and when I tried to tell her about what we were doing at GOOD, she brushed it aside and told me what she was doing with Kiva,” remembered Schorr. “She had a tenacity that gets at the core of what this movement is all about—like anything and everything is possible.” This chance meeting led to a long friendship and collaboration between GOOD and Kiva. We profiled Kiva in the very first issue of the magazine in 2006, teamed up with them on on events, and even had them as core partner of our “Choose GOOD” campaign that let subscribers in our first two years choose a nonprofit to fund with their subscription money.

We’ve also watched and cheered proudly as Kiva has exploded in reach and impact over the years: As they reached more and more countries around the world (82 as of today)... As they moved into a direct, 0% interest lending for borrowers in cities across the U.S (15 partner cities today)... As they crossed the million-lender and borrower mark back in 2013... As they close in on the $1 Billion loaned mark today... The numbers alone have been incredible. The stories when you dig into them, are even more amazing.

[quote position="full" is_quote="false"]Over the past decade, Kiva has helped 1.2 million people lend $920 million dollars to 2.1 million borrowers in 82 countries.[/quote]

As GOOD hits our own 10-year anniversary now, it is incredibly special to be able to reflect on this shared history and help celebrate Kiva’s own decade long collaboration with PayPal—who’s been a critical technology partner to Kiva and quietly been providing fee-free processing to the organization since day one, allowing the whole thing to work at a scale it couldn’t otherwise. Through our division here at GOOD that teams up with companies and organizations to help build and advance their own social good efforts, we’ve been able to work alongside both PayPal and Kiva over the past few months to help tell this story of shared values have a proper celebration of everything that’s been accomplished together. It’s all kicking off now....

Over the next 10 days (10/1-10/10), we’re asking all GOOD readers and fans to join in and make a new loan through Kiva—maybe your first loan ever, maybe your first new one in a while—the first 10,000 people to do so will get a $25 Kiva credit to lend again, courtesy of PayPal’s Corporate Advised Fund.

We’ll also be posting a series of inspiring stories on GOOD that share more about the impact Kiva and PayPal have made together. We’d love you to share these and any you might have as well. #smallloansbigimpact

Let’s make the next decade even bigger and better than the last.

Click here to learn more and make your small loan with Kiva now.

Articles
via Chela Horsdal / Twitter

Amazon's "The Man in the High Castle" debuted the first episode of its final season last week.

The show is loosely based on an alternative history novel by Philip K. Dick that postulates what would happen if Nazi Germany and the Empire of Japan controlled the United States after being victorious in World War II.

Keep Reading Show less
Politics
via Mike Mozart / Flickr

Chick-fil-A is the third-largest fast food chain in America, behind McDonald's and Starbucks, raking in over $10 billion a year.

But for years, the company has faced boycotts for supporting anti-LGBT charities, including the Salvation Army, the Fellowship of Christian Athletes, and the Paul Anderson Youth Home.

The Salvation Army faced criticism after a leader in the organization implied that gay people "deserve to die" and the company also came under fire after refusing to offer same-sex couples health insurance. But the organization swears it's evolving on such issues.

via Thomas Hawk / Flickr

The Fellowship of Christian Athletes explicitly announced it was anti gay marriage in a recent "Statement of Faith."

God instituted marriage between one man and one woman as the foundation of the family and the basic structure of human society. For this reason, we believe that marriage is exclusively the union of one man and one woman.

The Paul Anderson Youth Home teaches boys that homosexuality is wrong and that same-sex marriage is "rage against Jesus Christ and His values."

RELATED: The 1975's singer bravely kissed a man at a Dubai concert to protest anti-LGBT oppression

In 2012, Chick-fil-A's CEO, Dan Cathy, made anti same-sex marriage comments on a radio broadcast:

I think we are inviting God's judgment on our nation when we shake our fist at Him and say, "We know better than you as to what constitutes a marriage". I pray God's mercy on our generation that has such a prideful, arrogant attitude to think that we have the audacity to define what marriage is about.

But the chicken giant has now decided to change it's says its charitable donation strategy because it's bad for business...Not because being homophobic is wrong.

The company recently lost several bids to provide concessions in U.S. airports. A pop-up shop in England was told it would not be renewed after eight days following LGBTQ protests.

Chick-fil-A also has plans to expand to Boston, Massachusetts where its mayor, Thomas Menino, pledged to ban the restaurant from the city.

via Wikimedia Commons

"There's no question we know that, as we go into new markets, we need to be clear about who we are," Chick-fil-A President and Chief Operating Officer Tim Tassopoulos told Bisnow. "There are lots of articles and newscasts about Chick-fil-A, and we thought we needed to be clear about our message."

RELATED: Alan Turing will appear on the 50-pound note nearly 70 years after being persecuted for his sexuality

Instead, the Chick-fil-A Foundation plans to give $9 million to organizations that support education and fight homelessness. Which is commendable regardless of the company's troubled past.

"If Chick-Fil-A is serious about their pledge to stop holding hands with divisive anti-LGBTQ activists, then further transparency is needed regarding their deep ties to organizations like Focus on the Family, which exist purely to harm LGBTQ people and families," Drew Anderson, GLAAD's director of campaigns and rapid response, said in a statement.

Chick-fil-A's decision to back down from contributing to anti-LGBT charities shows the power that people have to fight back against companies by hitting them where it really hurts — the pocket book.

The question remains: If you previously avoided Chick-fil-A because it supported anti-LGBT organizations, is it now OK to eat there? Especially when Popeye's chicken sandwich is so good people will kill for it?

Lifestyle

Oh, irony. You are having quite a day.

The Italian region of Veneto, which includes the city of Venice, is currently experiencing historic flooding. Venice Mayor Luigi Brugnaro has stated that the flooding is a direct result of climate change, with the tide measuring the highest level in 50 years. The city (which is actually a collection of 100 islands in a lagoon—hence its famous canal streets), is no stranger to regular flooding, but is currently on the brink of declaring a state of emergency as waters refuse to recede.

Keep Reading Show less
The Planet
via Gage Skidmore / Flickr and nrkbeta / flickr

The Southern Poverty Law Center (SPLC) dropped a bombshell on Tuesday, announcing it had over 900 emails that White House aide Stephen Miller sent to former Breitbart writer and editor Katie McHugh.

According to the SPLC, in the emails, Miller aggressively "promoted white nationalist literature, pushed racist immigration stories and obsessed over the loss of Confederate symbols after Dylann Roof's murderous rampage."

Keep Reading Show less
Politics
via Twitter / Bye,Bye Harley Davidson

The NRA likes to diminish the role that guns play in fatal shootings by saying, "Guns don't kill people, people kill people."

Which is the same logic as, "Hammers don't build roofs, people build roofs." No duh. But it'd be nearly impossible to build a roof without a hammer.

So, shouldn't the people who manufacture guns share some responsibility when they are used for the purpose they're made: killing people? Especially when the manufacturers market the weapon for that exact purpose?

Keep Reading Show less
Business