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KIVAAND
CROWDSOURCEDFUNDRAISING



Social Mediafor Nonprofits
November 4, 2011
Summary

• Kiva’sCrowdfunding Model

• Kiva’s Volunteer Ecosystem and
  The Community Effect

• Kiva’s use of Social Media
   • Reach
   • Strategy
   • Examples of Use
   • Successes & Challenges
   • Key Learnings
Mission and Vision



Our Mission
Kiva’s mission is to connect people, through
lending, to alleviate poverty.


Our Vision
We envision a world where all people - even in
the most remote areas of the globe - hold the
power to create opportunity for themselves and
others.
Poverty is a massive Issue.




                              “
                              Half the world’s
                                               “
                              population lives on less
                              than $3 per day.
Together, a solution is possible.




                     KIVA’s Impact to Date
                     $252 Million loaned
                       633,000 lenders
                    649,000 entrepreneurs
Empowering individuals to make
a difference one loan at a time
The Kiva Loan Cycle


   1                              2
       A Lender chooses a             Kiva transfers the loan to
       Borrower and makes a           a local MFI Partner who
       loan using a credit card       pre-disbursed the loan to
       or PayPal.                     the Borrower.




     Kiva repays the loan to        As the Borrower repays
     Lender on a monthly            the loan, the MFI Partner
     basis. The Lender can          transfers funds back to
     then choose to withdraw        Kiva and posts Business
     funds or re-start the loan     updates to the Lender at
   4 cycle all over again!        3 Kiva.org.
Significant Momentum Since the Start


            Loan Volume on target
              to surpass$275M
               by end of 2011
Kiva has 143 Field Partners in 60 Countries




                                                                                     Ukraine                          Mongolia
                                                                       Bulgaria   Moldova
                                                                                         Armenia           Kyrgyzstan
                                                                    Bosnia
              United States                                                         Turkey Azerbaijan    Tajikistan
                                                                            Lebanon        Iraq       Afghanistan
                                                                       Palestine                                Nepal
                            Haiti                                                                 Pakistan
     Mexico                                                       Mali
                                 Dominican Republic
       Guatemala      Honduras                   Senegal          Burkina Faso                                                     Philippines
                         El Salvador                                 Benin          South Sudan            Cambodia
            Nicaragua     Costa Rica          Sierra Leone               Nigeria                                        Vietnam
                                                                                       Uganda             Sri Lanka
                Columbia                              Liberia Ghana Togo
               Ecuador                                                   Cameroon                                                 Indonesia
                                                                                          Kenya
                                                             Congo Republic       Rwanda Tanzania
                    Peru                                                       DRC                                                               Samoa
                                                                               Burundi
                        Bolivia
                                                                                        Mozambique
                                     Paraguay
                                                                                  South Africa

                        Chile




   633,000                        $252,000,000                               649,000Entrepr                                       98.9%
   Lenders                                    Loans                                      eneurs                        Repayment Rate
The Community Effect

     Kiva Staff               Active volunteers and pro-bono
                              professionals engaged in Kiva




                          Community Effect
            10 active volunteers for every paid staff member
Understanding Kiva’s Volunteer Ecosystem

                        Kiva Fellows Program:
                        •   We’ve sent over 400 Kiva Fellows into the field in
                            the last 6 years


                        Review & Translation Program:
                        •   Over 250 volunteers around the world
                        •   Volunteer Team Leaders coordinate the work of
                            language teams (Spanish, French, Portuguese,
                            Russian & review English profiles)


                        In-office Intern Program:
                        •   15-30 at any given time (7 on my team alone)


                        Developer Community:
                        •   The use of Kiva’s API


                        Lending Teams:
                        •   More than 20,000 teams have formed organically
                            on Kiva.org
                        •   Top three lending teams have lent almost $4.8mm
Reach: Mobilizing your Online Community

 430k+ followers on Twitter
 140k+ fans “Like us” on Facebook
 12k LinkedIn members
 44k Causes members
 250+ volunteer bloggers


       Do you know your audience?

       How is each channel different?
Kiva’s Social Media Strategy

1) Brand building (raising awareness, launch new
  initiatives)
2) Fundraising (online voting contests to help
  cover costs)
3) Meet strategic goals (user acquisition, invites,
  increased lending volume)


        “Test test test!”

        “Fail fast but fail forward”
Social Media for Brand Building:
#WhyIKiva Campaign
With >20k responses, Twitter proved a
fantastic platform for asking users a simple
question

- Users helped “recruit” new Kiva lenders
(example at right)

- Great brand exposure / building, although
perhaps not target audience




                                               15
Social Media for Fundraising:
Online Voting Contests

Kiva’s Community Outreach Team         The result was a $1mm
drove online voting promotion for   fundraising win, driven largely
       Sam’s Club contest             by social media promotion
Social Media for User Acquisition


                          Share User                                 Share Kiva
       Invite                                Create Dialogue
                           Activity                                   Content
• Twitter/ FB         • Share loan status   • Kiva Followers    • Like Articles
•Social Fundraising   • “Follow” Friends    •Display Comments
• Team Invite         • Photo / Collage     • Polls
 Challenges




     Direct                                                             Passive
Success: Promotion that broadcasts well




Key Lessons Learned
1. Provide message that has clear benefits and goodwill
2. Align incentives to broadcast model
3. Embed scarcity throughout promotion
4. Always add in more virality
Success: Sharing the right action




Key Lessons Learned
1. Making sharing organic part of user behavior
2. Consider recurring activities for sharing
3. (-) Tweaking content made little, if any, impact
4. (-) Ensure the message sounds like your users
Success: Testing!




Key Lessons Learned
1. Stay basic, soft launch
2. Bake in long term value-adds to “new” features
3. (-) Overestimate cost of integration
4. (-) Permissions, privacy and fraud
Key Lessons Learned Overall

Know your audience & tailor your content
   • Each social media channel is best suited to certain purposes

Stay on top of the conversation
   • Treat your online supporters as “insiders” & respond when you can

Keep calls to action simple & bring people back
   • Identify a “hub” for your content

Strike a balance in the nature of content you put out
   • Educational & inspirational vs. promotional

Ask Questions!
   • Viral/ReTweet power of simple questions on Twitter: “Why do you lend on
     Kiva?”

Find an excuse to celebrate
   • Find a way they can support you virtually (i.e. Kiva’s 6th Anniversary)
Questions?

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Chelsa Bocci, Kiva.org- Crowdsourced Fundraising

  • 2. Summary • Kiva’sCrowdfunding Model • Kiva’s Volunteer Ecosystem and The Community Effect • Kiva’s use of Social Media • Reach • Strategy • Examples of Use • Successes & Challenges • Key Learnings
  • 3. Mission and Vision Our Mission Kiva’s mission is to connect people, through lending, to alleviate poverty. Our Vision We envision a world where all people - even in the most remote areas of the globe - hold the power to create opportunity for themselves and others.
  • 4. Poverty is a massive Issue. “ Half the world’s “ population lives on less than $3 per day.
  • 5. Together, a solution is possible. KIVA’s Impact to Date $252 Million loaned 633,000 lenders 649,000 entrepreneurs
  • 6. Empowering individuals to make a difference one loan at a time
  • 7.
  • 8. The Kiva Loan Cycle 1 2 A Lender chooses a Kiva transfers the loan to Borrower and makes a a local MFI Partner who loan using a credit card pre-disbursed the loan to or PayPal. the Borrower. Kiva repays the loan to As the Borrower repays Lender on a monthly the loan, the MFI Partner basis. The Lender can transfers funds back to then choose to withdraw Kiva and posts Business funds or re-start the loan updates to the Lender at 4 cycle all over again! 3 Kiva.org.
  • 9. Significant Momentum Since the Start Loan Volume on target to surpass$275M by end of 2011
  • 10. Kiva has 143 Field Partners in 60 Countries Ukraine Mongolia Bulgaria Moldova Armenia Kyrgyzstan Bosnia United States Turkey Azerbaijan Tajikistan Lebanon Iraq Afghanistan Palestine Nepal Haiti Pakistan Mexico Mali Dominican Republic Guatemala Honduras Senegal Burkina Faso Philippines El Salvador Benin South Sudan Cambodia Nicaragua Costa Rica Sierra Leone Nigeria Vietnam Uganda Sri Lanka Columbia Liberia Ghana Togo Ecuador Cameroon Indonesia Kenya Congo Republic Rwanda Tanzania Peru DRC Samoa Burundi Bolivia Mozambique Paraguay South Africa Chile 633,000 $252,000,000 649,000Entrepr 98.9% Lenders Loans eneurs Repayment Rate
  • 11. The Community Effect Kiva Staff Active volunteers and pro-bono professionals engaged in Kiva Community Effect 10 active volunteers for every paid staff member
  • 12. Understanding Kiva’s Volunteer Ecosystem Kiva Fellows Program: • We’ve sent over 400 Kiva Fellows into the field in the last 6 years Review & Translation Program: • Over 250 volunteers around the world • Volunteer Team Leaders coordinate the work of language teams (Spanish, French, Portuguese, Russian & review English profiles) In-office Intern Program: • 15-30 at any given time (7 on my team alone) Developer Community: • The use of Kiva’s API Lending Teams: • More than 20,000 teams have formed organically on Kiva.org • Top three lending teams have lent almost $4.8mm
  • 13. Reach: Mobilizing your Online Community 430k+ followers on Twitter 140k+ fans “Like us” on Facebook 12k LinkedIn members 44k Causes members 250+ volunteer bloggers Do you know your audience? How is each channel different?
  • 14. Kiva’s Social Media Strategy 1) Brand building (raising awareness, launch new initiatives) 2) Fundraising (online voting contests to help cover costs) 3) Meet strategic goals (user acquisition, invites, increased lending volume) “Test test test!” “Fail fast but fail forward”
  • 15. Social Media for Brand Building: #WhyIKiva Campaign With >20k responses, Twitter proved a fantastic platform for asking users a simple question - Users helped “recruit” new Kiva lenders (example at right) - Great brand exposure / building, although perhaps not target audience 15
  • 16. Social Media for Fundraising: Online Voting Contests Kiva’s Community Outreach Team The result was a $1mm drove online voting promotion for fundraising win, driven largely Sam’s Club contest by social media promotion
  • 17. Social Media for User Acquisition Share User Share Kiva Invite Create Dialogue Activity Content • Twitter/ FB • Share loan status • Kiva Followers • Like Articles •Social Fundraising • “Follow” Friends •Display Comments • Team Invite • Photo / Collage • Polls Challenges Direct Passive
  • 18. Success: Promotion that broadcasts well Key Lessons Learned 1. Provide message that has clear benefits and goodwill 2. Align incentives to broadcast model 3. Embed scarcity throughout promotion 4. Always add in more virality
  • 19. Success: Sharing the right action Key Lessons Learned 1. Making sharing organic part of user behavior 2. Consider recurring activities for sharing 3. (-) Tweaking content made little, if any, impact 4. (-) Ensure the message sounds like your users
  • 20. Success: Testing! Key Lessons Learned 1. Stay basic, soft launch 2. Bake in long term value-adds to “new” features 3. (-) Overestimate cost of integration 4. (-) Permissions, privacy and fraud
  • 21. Key Lessons Learned Overall Know your audience & tailor your content • Each social media channel is best suited to certain purposes Stay on top of the conversation • Treat your online supporters as “insiders” & respond when you can Keep calls to action simple & bring people back • Identify a “hub” for your content Strike a balance in the nature of content you put out • Educational & inspirational vs. promotional Ask Questions! • Viral/ReTweet power of simple questions on Twitter: “Why do you lend on Kiva?” Find an excuse to celebrate • Find a way they can support you virtually (i.e. Kiva’s 6th Anniversary)