(The videos below were recorded as part of our 'Flip' chat series of conversations with thought leaders in the nonprofit and philanthropic sectors. You can check out other videos in the series here, including our previous chat, with Big Duck VP of client relationships and strategy Farra Trompeter.)
In part one of our three-part video conversation with Premal Shah, president of the online microlending site Kiva, we asked Shah to explain how Kiva works, where it fits into the microfinance landscape, and how it has been received by more established players in the field of philanthropy.
In part two (below), we ask Shah about the SMART campaign, a global effort to create and promote agreed-upon principles for the microfinance industry; the difference between profiting from and exploiting the poor; and Americans' awareness of microfinance in general.
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(Running time: 5 minutes, 43 seconds)
And in part three, Shah talks about Kiva's growing presence in the United States; the obstacles to the continued development of microfinance in this country; and what he's most excited about as he looks ahead a year or three.
(Running time: 6 minutes, 3 seconds)
What do you think? Is Kiva changing the way the world thinks about the billion or so people at the bottom of pyramid (BoP)? Will the organization's first-mover advantage continue to insulate it from meaningful competition? Does microfinance have a future in the United States? What could or should Kiva be doing to have even more of an impact?
Share your thoughts in the comments section below.
-- Matt Sinclair