You might have heard of Kiva, where a crowd of regular people pool money to make small loans to business people in the developing world. But you probably didn’t know they are making loans to small businesses in the US.
In fact, I was surprised to find there has been a representative of Kiva active in my state of Oklahoma for over 5 years. They’ve loaned to several rural entrepreneurs in Oklahoma, including Rodney who runs a thermal imaging business the town of Kansas, Oklahoma (pop. 800). He used a small loan to do more marketing and reach a whole new group of potential customers.
If you’re looking for a small loan for your small business, Kiva is worth considering. Loans can be up to $10,000 at zero percent interest.
You can also help more people get loans through Kiva in your community. Anyone can spread the word and point small businesses directly to the Kiva website.
Nonprofit organizations can also directly administer loans as a Field Partners. Individuals or groups can serve as Trustees who endorse trustworthy borrowers without any financial involvement or liability. Learn more about these partner programs at Kiva.
- Don’t bother to mention the benefits unless you tie them to this - November 12, 2018
- What business does every small town need? A store full of tiny retail spaces - November 5, 2018
- How any business can be part of downtown events by going mobile - October 29, 2018
- Support local entrepreneurship by giving Rising Stars business awards - October 22, 2018
- Why do people say there’s nothing to do here then not come to our concerts? - October 15, 2018
- Need more volunteers? Give everyone a tiny role - October 8, 2018
- Retailers: Fill all empty space, floor to ceiling - October 1, 2018
- Shipping container businesses downtown: don’t make this big mistake - September 24, 2018
- Easy economic development tip: Write down all new businesses in your small town - September 17, 2018
- Commerce builds communties - September 10, 2018