Kiva vs Kickstarter

Struggling to choose between Kiva and Kickstarter? Both products offer unique advantages, making it a tough decision.

Kiva is a Business & Commerce solution with tags like microfinance, peertopeer-lending, social-impact.

It boasts features such as Allows people to lend money to entrepreneurs/students in developing countries, Connects lenders and borrowers across the world, Provides a crowdfunding platform for loans, Allows lenders to choose borrowers and loan amounts, Enables microlending and microfinance and pros including Empowers entrepreneurs and students in developing countries, Provides capital to those who may not qualify for traditional loans, Allows lenders to help people directly, Very low loan default rates, Nonprofit model focuses on social impact.

On the other hand, Kickstarter is a Business & Commerce product tagged with crowdfunding, fundraising, creative-projects, community.

Its standout features include Crowdfunding platform, Creators pitch ideas to get funding, Community pledges money to fund projects, and it shines with pros like Helps creative projects get funding, Allows community to support ideas they believe in, Provides alternative to traditional financing.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

Kiva

Kiva

Kiva is a nonprofit organization that allows people to lend money via the Internet to low-income entrepreneurs and students in over 80 countries. Kiva's mission is to connect people through lending to alleviate poverty.

Categories:
microfinance peertopeer-lending social-impact

Kiva Features

  1. Allows people to lend money to entrepreneurs/students in developing countries
  2. Connects lenders and borrowers across the world
  3. Provides a crowdfunding platform for loans
  4. Allows lenders to choose borrowers and loan amounts
  5. Enables microlending and microfinance

Pricing

  • Free
  • Open Source

Pros

Empowers entrepreneurs and students in developing countries

Provides capital to those who may not qualify for traditional loans

Allows lenders to help people directly

Very low loan default rates

Nonprofit model focuses on social impact

Cons

Limited to loans only, not equity investment

Borrowers may still struggle despite loans

Lenders bear full risk of default

High volume of borrowers makes oversight difficult

Language/cultural barriers between lenders and borrowers


Kickstarter

Kickstarter

Kickstarter is a global crowdfunding platform where creative projects can get funding. Project creators make a pitch to support their ideas and the community can pledge money to make them happen.

Categories:
crowdfunding fundraising creative-projects community

Kickstarter Features

  1. Crowdfunding platform
  2. Creators pitch ideas to get funding
  3. Community pledges money to fund projects

Pricing

  • Subscription-Based

Pros

Helps creative projects get funding

Allows community to support ideas they believe in

Provides alternative to traditional financing

Cons

High competition for funding

Creator needs effective marketing pitch

Backers may not receive rewards if project fails