April 2, 2010

Co-founder of Kiva.org Explores New Business Thinking, April 26

jackley.jpgJessica Jackley, co-founder of Kiva.org, the world's first peer-to-peer online micro-lending website, presents "Kiva and the New Business Thinking: Challenging Common Business Practices." at 7 p.m. on Mon., April 26 in the Cooperage. The public is invited. Tickets are $10 and are available at www.brownpapertickets.com.

Associated Students in collaboration with JUMP and SSU School of Business and Economics is hosting the event as part of Financial Literacy Awareness Month.

Jackley's success began with the idea that relationships are a powerful force for positive change, a belief that by working together poverty can be alleviated, and eventually the creation of a website designed to put those into action.

Named as one of the top ideas in 2006 by the New York Times Magazine and called "revolutionary" by the BBC, Kiva (www.kiva.org) lets internet users lend as little as $25 to specific developing world entrepreneurs, providing affordable capital to help them start or expand a small business.

Kiva has been one of the fastest-growing social benefit websites in history, and today facilitates over $1M dollars each week from lenders to entrepreneurs across over 185 countries.

Prior to founding Kiva, Jackley worked for the Stanford Center for Social Innovation, Village Enterprise Fund, Amazon.com, Potentia Media, the International Foundation, World Vision, and others. She speaks widely on microfinance and social entrepreneurship.

Since its founding in 2005, Kiva.org has loaned more than $100 million from individual lenders to entrepreneurs across 182 countries and hopes to reach the $1 billion mark by 2012. Named one of the top ideas of 2006 by The New York Times Magazine, and praised by Oprah, Bill Clinton, and countless others, Jackley's company is one of the fastest-growing social benefit organizations in history.

"In our programs, we give our students the business tools and skills to build organizations like Kiva that deliver triple bottom line results. I hope hearing her story will inspire our students to use their education to create more companies that make a difference in the world. Bringing CEOs and students together to talk about these ideas makes it that much more exciting and more of a possibility for the future,"says William Silver, Dean of the School of Business and Economics.

For more information, contact Annemarie Brown, Business Manager, SSU School of Business and Economics. (707) 664-2221 or annemarie.brown@sonoma.edu.

Jean Wasp
Media Relations Coordinator
University Affairs
(707) 664-2057