HWCC/Kiva

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?

Kiva Loans:

  • 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?

  • Buying equipment

  • Hiring employees

  • Marketing/Advertising

  • Space Remodeling/expansion

  • Refinancing debt

  • Purchasing inventory

-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.

Wisconsin business owners can apply for a Kiva loan here.

 

If you would like more information and assistance, please contact Ger Thao at 414-645-8828.

To learn about more funding opportunities with HWCC, visit here.

Milwaukee Office

5421 N 118th Ct, Milwaukee, WI 53325 | 414.645.8828

Wausau Satellite Office

1109 N. 6th Street, Wausau, WI 54403 | 715.298.6071

Office Hours: Monday-Friday 9:00 AM-5:00 PM