Hundreds of food entrepreneurs have found peace-of-mind by raising 0% interest capital for their businesses from Kiva, a nonprofit that supports U.S. entrepreneurs.
Since 2012, Kiva has helped nearly 1,000 food entrepreneurs in the U.S. raise over $6 million in funding – all without charging a single cent of interest or fees.
As a nonprofit, Kiva is dedicated to increasing access to capital for business owners who need it the most: people who are unable to raise money for their business from traditional sources, like banks.
With 8,000 small business loan applications rejected in the U.S. every day, more and more entrepreneurs are turning to alternative sources of financing, and Kiva is here to help.
Kiva is a crowdfunding platform like Indiegogo and Kickstarter, except instead of donations or purchases, the “crowd” makes 0% interest loans to entrepreneurs fundraising on the platform.
Kiva’s “crowd” is made up of 1.5 million supportive lenders around the world, many of whom lend locally and become business’ new customers, brand ambassadors and fans.
Like Indiegogo and Kickstarter, entrepreneurs create a campaign where they tell their story and why they’re raising money. Unlike Indiegogo and Kickstarter, entrepreneurs on Kiva have a 90% public funding success rate.
Even better, food entrepreneurs have a 97% public funding success rate on Kiva!
This is the power of Kiva. Kiva’s community of lenders truly believes in supporting U.S. small business owners and shows so by expecting only the money they lent in return for their investment.
Every business owner has off-days, and Kiva is here to help entrepreneurs realize more perfect ones.