Matching Loan Program
WHAT IS KIVA?
Kiva U.S. is an international non-profit that enables financially excluded and socially impactful entrepreneurs to access 0% interest small business loans. These loans are crowdfunded by hundreds of lenders from around the world that read your story, lend you as little as $25 each, and rally around your business as potential customers, business advisers, and brand ambassadors.
WHAT IS THE KIVA LOAN?
0% interest, Loans up to $10,000
Terms up to 2 years, grace periods are available for agriculture businesses
No credit score, collateral, business plan or financial statements required
Funded by hundreds of lenders from around the world, in increments of $25
WHY SHOULD YOU APPLY FOR THE KIVA LOAN?
We are excited to be able to provide another lending route for our entrepreneurs and business owners. The Kiva Loan Program will help you focus on growing your business with their 0% interest rates. In addition, you’ll be able to build your business credit and have free marketing with the Kiva community! As a Trustee, HWCC will endorse and help you throughout the course of the loan.
Who is Eligible?
Kiva Borrowers must be at least 18 years old
Business must be located in the United States
Loan is meant only for business use, not personal use
Borrower cannot currently be in bankruptcy or foreclosure
What can you use the Kiva loan for?
-HWCC is proud to be a KIVA Trustee!
HOW DOES HWCC WORK WITH KIVA?
HOW TO APPLY FOR THE KIVA LOAN
If your loan is endorsed by HWCC, this will turn on matching funds, which can help to decrease the amount of time it takes a borrower to raise the full loan amount.
Matching fund means that HWCC will match half of your Kiva Loan, but only if you raise your half.
For example, if you are trying to raise $10,000, you have to raise $5,000 in order to turn on matching fund. Once you raise $5,000, HWCC will match the other $5,000 to get to your goal of $10,000.