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Thank you Kiva -- a letter from Kiva’s Co-Founder & CEO Matt Flannery

Burgess COMMENTARY

Peter Burgess

From: EP TEAM
To: chris macrae ; Naila Chowdhury
Sent: Saturday, 28 June 2014, 23:14
Subject: Kiva - Matt Flannery

Hi Chris, Naila,

A quick note to let you know that Matt Flannery is stepping down as Kiva CEO (see blog link below) and Premal Shah is stepping up (from President to CEO). His parents are from India and now live in San Diego.

Best Regards,
Anna

---------- Forwarded message ---------- From: Matt Flannery Date: Friday, June 27, 2014 Subject: Quick note Re: Meeting To: epteam.ucsd@gmail.com

Thanks for your message. I’ve stepped down from my day-to-day role at Kiva! I will remain on the Board of Directors and as a cofounder will forever act as an ambassador.

You can read my blog about that here:

http://blog.kiva.org/2014/06/18/thank-you-kiva-a-letter-from-kivas-co-founder-ceo-matt-flannery

Thank you Kiva -- a letter from Kiva’s Co-Founder & CEO Matt Flannery

Dear Kiva Community,

After 10 years leading Kiva, I have decided to step down as CEO. First off, I want to express my utmost respect and gratitude to all of you. You’ve not only brought Kiva to life, but you've also brought so much meaning and inspiration to my own life. After many ongoing conversations, I've decided it's time to embark on a new chapter.

Personal life changes (e.g. family health issues, getting married next month!) make this the right time to pause and reflect on life outside of Kiva. I also consider myself more of an inventor than a manager. A larger organization needs someone who gets daily energy out of scaling to new heights —as opposed to dreaming up new things.

This difficult decision is made far easier knowing Kiva has a solid foundation and is in a great place. We are financially healthy and growing. Because of you, Kiva has reached incredible milestones: 1.3 million small businesses funded, nearly $600 million in loans. And we’re innovating new ways to reach new populations:
• Kiva Labs -- Microfinance 2.0: lets Kiva lenders finance sustainable solutions in water access, health, higher education and clean energy for underserved populations around the world.
• Kiva Zip: a direct lending pilot powered by technology and trust, serving borrowers in Kenya and the United States.
• Kiva U: a movement to empower young people—from K-12 to college—with the opportunity to become informed, inspired and mobilized global citizens.

What’s next at Kiva?

As we go into this transition, I feel confident we’re in good hands. Our President and my wonderful co-pilot for the last 9 years Premal Shah, will continue to lead the company. Premal and Kiva’s highly skilled Management Team will be supported by our Executive Board Chair, Julie Hanna, who has led Kiva’s board for the past 5 years. We’re lucky to have such great leadership continuity.

And I’m not leaving Kiva! While I’ll miss working at Kiva day in, day out—I remain on the Board of Directors, and as Co-Founder will always be a passionate ambassador for Kiva’s mission.

I’ve been overwhelmed with the generosity of your huge hearts. This community created by you has grown beyond anything I could’ve imagined. 1 million+ small businesses in 75 countries whose hard work and dreams have inspired not only me, but the 1 million+ Kiva lenders, staff, Kiva Fellows, editors & translators, interns, lending teams, supporters and Board of Directors.

I’m sending the Kiva community my love and best wishes. You've stood behind Kiva and continue to stand by the millions of people who share our dream.

Matt

If this is regarding Kiva, please contact Kiva’s President, Premal Shah at premal@kiva.org

If this email is personal, for a faster reply, please contact me at mattflannery@gmail.com

Best,

Matt