0% interest loans up to $10,000
Repayment terms of up to 36 months, grace periods are available for agriculture businesses
Opportunity to build your business credit score
Funded by hundreds of lenders from around the world in increments of $25
You can take up to two loans
A Kiva U.S. borrower must…
Be at least 18 years old
Not currently be in bankruptcy or foreclosure
Use the loan for a legal business
Have a PayPal account or the ability to set one up
Entrepreneurs that meet the minimum requirements can apply for a 0% interest loan from $1,000-$10,000.
After an application gets reviewed by the Kiva Indy small business advisor, borrowers enter into a private fundraising period. They invite 20-25 family, friends, customers, and community members to be their first lenders.
After the private period the loan then goes public on the Kiva website where any lender around the world can support their business.
Once the funding goal is met, the funds are disbursed and repayment begins one month later.
Borrowers can come back and receive a second loan for up to $10,000.
No credit scores, collateral, business plans, or financial statements are required.
You establish your reputation and community of support by inviting lenders from your network.
Unlike other crowdfunding platforms, the Kiva community of 1.5 million lenders funds the majority of the loan amount
Gain free marketing exposure to 1.5 million potential customers and champions for you business
Established connections to people who can support your business
Join the global community of millions of people committed to empower entrepreneurs around the world
Upgrade equipment and renovate your space
Gain working capital or add inventory
Hire another set of hands
Pay for certifications and licensing
Build a website and invest in marketing