18th Microcredit Summit Video Corner Interview Series
Lev Plaves of KIVA talks with Miranda Beshara, editor of the Arabic Microfinance Gateway, about what he was most excited to learn about at the 18th Microcredit Summit. “What we are most excited about is how much discussion there was at the Summit about how different stakeholders — whether investors or practitioners — are really working to improve how we’re measuring impact,” Plaves says. “That was really great to see, and I am excited to see moving forward how that plays out in terms of people working to really increase how we are quantifying the outcomes we are having as an industry.”
Plaves explains that KIVA’s mission is to connect people through lending to alleviate poverty, mobilizing people on a global level to lend as little as US$ 25 on their crowd-funding platform. KIVA has expanded its reach beyond traditional microfinance institutions, which now account for only half of their partners and thus extending their portfolio outside the microfinance sector.
Answering the question about the role of microfinance to help end poverty, Plaves explains that this has allowed KIVA to “expand the breadth our reach in terms of the number of people and the types of services we’re providing and also the depth and the impact we’re having.”