Kiva seeks to break this cycle with a decentralized digital identity platform empowering borrowers to verify informal and formal past financial history. With just a thumbprint, users will be able to record their financial transactions, transfer that information between institutions, and gain access to formal bank accounts.
When deployed at national scale, and implemented in conjunction with modernized regulatory frameworks, Protocol is designed to enable a country to advance its financial inclusion goals and empower entire financial ecosystems – individuals, government agencies, informal market actors, and formal financial institutions.
Kiva launched the first country-level implementation of Kiva Protocol in Sierra Leone in 2019. Working with partners at the Bank of Sierra Leone, the National Civil Registration Authority, and UN Capital Development Fund, Kiva is now actively engaged with financial service providers across Sierra Leone to help integrate eKYC capability into existing bank onboarding and compliance systems.