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At the Center
Kiva CEO on Microfinance and Global Social Benefit (video)
Thursday, Dec. 15, 2011
Matt Flannery discussed the genesis of Kiva, the microfinance Web site he co-founded, at a presentation last month, the first in this year's Tech Forum Series on law, ethics, and high technology. Flannery explained how Kiva relies on the basic human principle of reciprocity: I will help you in expectation that you will help me. That reciprocity underlies the high repayment rate of loans made through Kiva. "People feel bound to repay people that they know," Flannery said.
Flannery is an alumnus of the Global Social Benefit Incubator, a project of SCU's Center for Science, Technology, and Society, which empowers socially minded entrepreneurs to build sustainable, scalable organizations, and solve problems for people living in poverty around the world.
The event was co-sponsored by the Ethics Center; the Center for Science, Technology, and Society; and the High Tech Law Institute.