Printer Friendly Copy   
  CONTENTS >> LEAD STORY   Nov/Dec 2010

A Big Idea about Small Business

A Conversation with Matt Flannery,
cofounder of Kiva

By John David Mann

In 2004, while on a trip to rural East Africa, computer programmer Matt Flannery had an idea for a way his friends back home could participate in helping provide tiny capital investment funds to the small-business entrepreneurs he was filming. At the time, it seemed like a wholly impractical idea to many. Yet five years later, by 2009, well over 600,000 individuals had made microloans through the Kiva web site, with a full repayment rate of more than 98 percent, to more than a quarter of a million individual entrepreneurs around the world.
NT web reader is subscriber-only. Sign in or subscribe to Networking Times for as low as $33.77 a year!

Forgot your password? Click Here to get it sent to you.
No account with us? Click Here to create one.

Previous Contents Next

We appreciate your feedback. Write us at our helpdesk.
Privacy Policy | Return Policy

Copyright © 2019 Gabriel Media Group, Inc.