SXSW Panel Picker Page: “Will Kiva Kill Your Nonprofit? Donations 2.0“
Kiva has been connecting donors with low income entrepreneurs since 2005. Their model of microlending has proven meaningful, effective (they have a current repayment rate of 98.7%), and popular (over $80 million in loans have been made so far). They’ve been such a game-changer in the nonprofit fundraising space that we want to bring Kiva together with other national nonprofits at SXSW Interactive 2010 to talk about the future of online fundraising.
Kiva creates a one-to-one relationship between donor and recipient. Donors know exactly where their money is at all times and can see the tangible effects of their dollars – if desired, they can completely avoid a general fund, symbolic gift, or representative success story. It’s also a gift that keeps on giving – as recipients pay back their loans, donors can reinvest in new ones.
One question that both traditional nonprofits and startups are facing is whether this model poses a threat to the status quo of fundraising appeals. Will donors demand more accountability for each dollar? Will they expect a personal relationship with the end beneficiaries? How do the principles of Kiva apply to advocacy-based organizations?
If “Will Kiva Kill Your Nonprofit” is chosen for SXSW’s program, Skylar Woodward of Kiva, Ian Haisley of OptINnow, and others will tackle these questions in a vibrant conversation moderated by Beaconfire’s own Michael Cervino.
SXSW wants to know what you think about the panel idea before setting the program.
Does this topic sound intriguing? If so, drop a comment and place your vote on the panel picker page: “Will Kiva Kill Your Nonprofit? Donations 2.0.“