“With a mobile phone, you can be sitting inside a hut in rural Kenya and within seconds get money from San Francisco, California,” said Premal Shah, President of Kiva.org in a brief interview for Intel’s Sixty Second Insights.
What is Kiva? In short, it’s a non-profit organization that facilitates micro-lending to people around the globe and helps them grow their small businesses.
As a young boy visiting India with his mother, Premal Shah realized that what is very little money to one person, can answer prayers for another. He came face-to-face with the inequality and indignity of poverty and he never forgot.
Premal had the idea to leverage the power of the Internet to help people with their micro-financing needs nearly a decade ago, while still working for online payment leader PayPal. With like-minded partners he launched Kiva.org, which today raises more than $1 million dollars per week to help people in more than sixty countries.
We are very fortunate at Business4Better that Premal has agreed to join us this May for our inaugural conference in Aneheim, CA to talk to us about Kiva and poverty alleviation.