Kiva

Small business owners from all backgrounds should get the support they need. Why? Because everyone deserves the opportunity to pursue their dreams and improve their livelihoods. Kiva facilitates access to capital, helping US small business owners reach their goals. But finance alone is rarely enough. We want to understand how AI tools are supporting small business growth in the US, too. Here’s a tip about using ChatGPT for business. What to include in your ChatGPT prompts: • 𝗣𝗲𝗿𝘀𝗼𝗻𝗮: Specify ChatGPTʼs role or ask it to adopt a persona. For example, “You are a seasoned marketing executive.” • 𝗧𝗮𝘀𝗸: Make sure itʼs clear what you want ChatGPT to do. For example, “For each attached 2 picture of baked goods, provide a written description.ˮ • 𝗖𝗼𝗻𝘁𝗲𝘅𝘁: Include relevant background information. For example, “The descriptions will be used for the digital menu of a bakery in Michigan.ˮ • 𝗙𝗼𝗿𝗺𝗮𝘁: Specify the response format, like whether itʼs an email or a report, and how long it needs 4 to be. For example, “Each description should be 100 words.ˮ …..and donʼt stop with one answer! AI works best when you give feedback and ask for specific changes. Kiva and OpenAI have teamed up to bring more helpful ChatGPT tips to small business owners. Click the link in our comments to explore them.

Expanding financial inclusion for underserved communities is our mission. What is financial inclusion? Let’s break it down: 𝘞𝘩𝘢𝘵 𝘪𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘪𝘯𝘤𝘭𝘶𝘴𝘪𝘰𝘯? Not everyone has access to financial services like bank accounts, credit, and access to loans. And often, this lack of access is correlated with poverty and systemic inequality. Over 1.4 billion people worldwide—more than 31 percent of adults—are considered “unbanked”. 𝘞𝘩𝘺 𝘢𝘳𝘦 𝘴𝘰𝘮𝘦 𝘱𝘦𝘰𝘱𝘭𝘦 𝘶𝘯𝘣𝘢𝘯𝘬𝘦𝘥? This can be for a variety of reasons, including gender inequality, lack of access to a mobile phone or internet service, lack of access to government IDs, or even systemic or structural factors like unstable governments, conflicts, refugee status, or racism, among other reasons. 𝘞𝘩𝘺 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘪𝘯𝘤𝘭𝘶𝘴𝘪𝘰𝘯 𝘮𝘢𝘵𝘵𝘦𝘳𝘴: Everyone deserves a chance to provide for themselves and fulfill their dreams. Marginalized entrepreneurs face financial discrimination and have unequal access to the financial services they need to thrive. 𝘞𝘩𝘢𝘵 𝘤𝘢𝘯 𝘐 𝘥𝘰 𝘢𝘣𝘰𝘶𝘵 𝘪𝘵? At Kiva, we connect lenders to borrowers worldwide. Through crowdfunded loans, Kiva supports women, refugees, climate-threatened people, and marginalized entrepreneurs with the financial access they need to thrive. Click the link in the comments to learn more. #FinancialInclusionWeek #equity #inequality #financialaccess #access #marginalizedcommunities 

Today is DAF Day! DAFs have surged in popularity in recent years—and for good reason. A DAF is a tax-advantaged charitable giving account that helps people, families, or organizations donate assets and manage their giving in a more streamlined, effective way. There are more than 1,000 providers around the U.S. who can help you open one. Consider adding Kiva to your giving portfolio: https://bit.ly/484ABg5 #DAFDay

You did it! Thanks to you, Kiva won the 2024 .org Impact Award for Community Building! We’re all about community-building, connecting lenders to borrowers all around the world. Through crowdfunded loans, Kiva supports women, refugees, climate-threatened people, and marginalized entrepreneurs around the world with the financial access they need to thrive. What an honor to be recognized by the Public Interest Registry among so many incredible organizations using the Internet for good!

Social enterprises are creating innovative solutions that mitigate the effects of climate change and directly support the populations most impacted by it. But, the World Economic Forum estimates that social enterprises like these face a $1.1 trillion dollar funding gap. Non-traditional funding models, like crowdfunding, can help. Kiva’s CEO Vishal Ghotge shared key examples of this with Fast Company: • The social enterprise Someone Somewhere in Mexico transforms traditional crafts into modern, eco-friendly apparel and accessories. Despite its 36-fold growth in three years, Someone Somewhere faced hurdles in accessing the capital required to expand its operations. It turned to a nontraditional model—crowdfunding— successfully raising a $100,000 USD loan from 2,874 people on Kiva.org. • Kuli Kuli Foods is a woman-founded social enterprise creating a global market for moringa, a drought-resistant tree known for its nutritional benefits. In 2015, Kuli Kuli crowdfunded capital, raising $10,000 in 2015 through Kiva.org. And in 2020, it worked with Kiva to raise a $100,000 loan, crowdfunded by 2,849 individuals and several organizations. • ATEC Global is a social enterprise that’s developed highly efficient electric induction stoves that eliminate harmful kitchen emissions and significantly reduce energy costs for families. Since 2021, ATEC has relied on crowdfunded loans to both finance cookstoves and to expand. This approach led ATEC to recently close a $3.75 million Series A funding. Social enterprises are key players driving innovative solutions to climate change. Yet, for these mission-driven ventures to scale, they need more than just support—they need funding. Kiva.org is one path to securing capital, but it can’t be the only one. It’s time for investors to rethink how they fund climate solutions. Click the link in the comments to read the full article.

Where does Kiva operate? At Kiva, we expand financial access to underserved communities worldwide through crowdfunded loans. Our impact by region: 🌍 Africa: 2 million people reached 🌏 Asia: 1.2 million people reached 🌏 Central America: 326,000 people reached 🌍 Eastern Europe: 40,000 people reached 🌏 Middle East: 92,000 people reached 🌎 North America: 139,000 people reached 🌏 Oceania: 52,000 people reached 🌎 South America: 960,000 people reached We define impact in the scale of our global reach and the depth of change in a person’s life. From the billions of dollars in loans we’ve distributed to the scaled reach of our Lending Partners to the increased monthly income for a widowed shop owner in Kenya — dive into how Kiva creates a positive impact in the world. Use the link in the comments to learn more:

Today is World Tourism Day! And the last day to vote—Tripadvisor and the Tripadvisor Foundation are lending $80,000 to Kiva borrowers around the world, helping increase financial access for: 🌍 Underbanked women 🌎 Refugees and displaced people 🌏 Communities impacted by climate change 🌎 Systemically marginalized people in the US Don't miss out! Vote on which Kiva loans Tripadvisor should support. Use the link in the comments to vote. 👇

Yes! At Kiva, we’re passionate about expanding financial access for underserved communities, including for refugees. If you share our passion, connect with us. 🌍 🌎 #ClintonGlobalInitiative #CGI2024

Kiva's here attending the Clinton Global Initiative today in NYC! Come say hi and connect 👋. #ClintonGlobalInitiative #CGI2024