09.05.2008 14:00:00
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Oliver Wyman Announces Strategic Alliance with Kiva, the World's Leading Person-to-Person Micro-Lending Website
International management consulting firm Oliver Wyman has formed a
strategic alliance with Kiva.org, the world’s
leading person-to-person micro-lending website, launching a formal Kiva
Externship Program that will dedicate Oliver Wyman consulting staff to
supporting Kiva's continued growth and expansion.
Kiva.org allows individuals to lend as little as $25 directly to
developing world entrepreneurs through a transparent online lending
platform. Since 2005, more than 280,000 individuals from over 70
countries have collectively loaned more than $29 million to
entrepreneurs in 42 developing countries.
The Kiva-Oliver Wyman alliance strengthens an existing relationship
between the two organizations that has seen several Oliver Wyman
consultants help build and scale Kiva’s
operations through participation in Oliver Wyman's industry-leading
Non-Profit Fellowship Program.
"We are delighted to establish this strategic
alliance with Kiva,” said John Drzik, CEO of
Oliver Wyman. "Through this new externship
program, Oliver Wyman is supporting an outstanding non-profit
organization in the fight against global poverty, while also providing
unique philanthropic opportunities and valuable business experiences to
our consulting staff.”
Premal Shah, President of Kiva and a former Oliver Wyman consultant,
commented: "From very early on in Kiva’s
history, Oliver Wyman has been instrumental in our growth and success.
By establishing this strategic alliance, Oliver Wyman has once again
taken a leading role in supporting Kiva’s
mission of using the power of microfinance and the Internet to help
fight global poverty. We are thrilled to receive the firm’s
support, and look forward to working with Oliver Wyman to reach even
more deserving entrepreneurs around the world.” About Oliver Wyman
With more than 2,900 professionals in over 40 cities around the globe,
Oliver Wyman (www.oliverwyman.com)
is a leading management consulting firm that combines deep industry
knowledge with specialized expertise in strategy, operations, risk
management, organizational transformation, and leadership development.
The firm helps clients optimize their businesses, improve their
operations and risk profile, and accelerate their organizational
performance to seize the most attractive opportunities. Oliver Wyman is
part of the Oliver Wyman Group, a division of Marsh & McLennan Companies [NYSE:
MMC] with revenues of $1.5 billion.
About Kiva.org
Kiva.org (www.kiva.org) is the world's
first person-to-person micro-lending website, empowering individuals to
lend directly to an entrepreneur in the developing world. Founded in
2005 by Matt and Jessica Flannery, Kiva.org's mission is to connect
people, through lending, to alleviate poverty. Kiva.org currently
connects lenders in more than 70 countries with entrepreneurs in 42
developing countries, through 89 microfinance partners. Kiva.org is
headquartered in San Francisco.
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