Title | Case Study - Kiva |
---|---|
Author | JS JS |
Course | Business Ethics |
Institution | University of Maryland Global Campus |
Pages | 2 |
File Size | 65.2 KB |
File Type | |
Total Downloads | 99 |
Total Views | 169 |
Kiva Case study...
Case Study – Kiva STRENGTHS
WEAKNESSES
Kiva operates in many countries around the world giving Kiva an international presence.
Kiva saw a lot of scrutiny from the lack of transparency regarding where money going on their website.
Kiva created a platform for lenders to empower, otherwise broke entrepreneurs, and lends them money to start their businesses.
Fraud has been found on Kiva’s website which impacts their credibility as a loan site.
Zero profit is made from the transaction between lender and borrower. This leaves Kiva dependent on your typical forms of non-profit income, donations and grants.
If the organizations who give to Kiva ever stop giving, Kiva would have to shut down their operations.
Kiva gives people who are less fortunate a chance to break out of poverty and give their ideas a chance to not only help their own communities, but to gain steady income. Kiva has a high repayment rate, sparking the interest from tons of lenders to their website.
OPPORTUNITIES
Very high ceiling when it comes to loan potential with Kiva being an international organization.
Loads of entrepreneurs in developing countries eager to use Kiva’s lending services.
THREATS
Kiva uses PayPal for many transactions. Potential threat from employees stealing money from those transactions which could result in millions being lost.
Potential threat of money laundering through Kiva’s website. If that were to happen they would be shutdown.
Weak governments in developing countries are a threat to how Kiva operates.
New loan service ideas can always be implanted on Kiva’s website.
2. Without the internet Kiva wouldn’t be nearly as successful they have been. The internet gives Kiva access to countries and people they would have never had without out it. The internet provides ease of access for both the lender and the borrower. The internet has also given Kiva a
broad platform where lenders and borrowers across the world would have never heard about them without it. 3. Kiva’s non-profit model limits their income potential to only the giving of donations and grants. Kiva is currently also restricting their impact. They could provide financial advising to the people who don’t have a entrepreneurship mindset but have income. 4. Kiva could potentially provide credit card services to entrepreneurs in developing countries. Kiva could also provide financial advising to people in developing countries both on building and managing capital....