Stories tagged with United States
There are very few people who would buy a one-way ticket to Washington DC with the dream of getting into food production. Meet Ari Raz, one of the founders of PureJoy, who capitalized on the city’s strong entrepreneurial spirit and support for small food businesses.
Ari initially intended to start a restaurant. However, he had little experience in food production itself. Thoughts then shifted to a different type of food... Continue Reading >>
When she started her construction business three years ago, Bennie was one of the few African-American female-led construction firms in the NYC area. Her business, Bennie Daye Services, provides home improvement and light construction services. By 2013, she had hired ten part-time contract workers and got her Women and Minority Business Enterprise (WMBE) certification. Now, she could bid on larger government contracts. In the aftermath of Hurricane... Continue Reading >>
Kiva lenders make loans to individuals seeking to improve their business. They support expanding access to capital for these entrepreneurs. Most people know Kiva for its work across the globe – but did you know that includes the US? Kiva works with US-based microfinance institutions to address the lack of access to capital small businesses face around the world.
In the US, we hear a lot about the importance of small businesses. The vast majority of these small businesses employ... Continue Reading >>
When I first applied to the program, I warned my family and friends that I would most likely be very “out of reach” for four months. Meaning that I would be working in a faraway place in a distant time zone- think Samoa, Togo, Bangladesh, or maybe even some country that I had barely heard of or knew very little about.
It was much to my surprise after finding out I was accepted to be a Kiva Fellow that I was to be placed in Los Angeles working with Kiva Zip. I’m slightly...
Alfredo is the owner of El Sereno Shoe Repair, a small business that has been family owned and operated in East LA for over 30 years and two generations. He’s a hardworking, old-fashioned shoe cobbler that’s dedicated to serving his community with exceptional quality and customer service.
Eighteen years ago, 11-year-old Ezequiel Olvera approached Alfredo with an ask. Ezequiel explained that he had invested in an old 10-cent gumball machine with the hope of making enough money to attend college. He asked Alfredo if he’d be willing to... Continue Reading >>
Kiva Zip is an innovative pilot program created by Kiva that uses mobile and electronic payment technology to enable direct, 0% interest loans to financially excluded and socially impactful entrepreneurs. The loans are crowd-funded on Kiva Zip’s website, where anyone with an Internet connection can lend as little as $5 to a borrower of their choice.
One of the principal aims of the program is to expand access to capital... Continue Reading >>
As a Kiva Zip fellow, one of the best aspects of the job, aside from helping financially excluded and socially impactful entrepreneurs is the inspiring people you meet along the way. It’s not an exaggeration to say that this ‘goodwill’ amongst people is really infectious.
It begins of course with the staff at Kiva HQ, which is right here in San Francisco, but it extends out into the wider community, where on your search for borrowers and trustees,... Continue Reading >>
To say that Pittsburgh, Penn. nonprofit Urban Innovation21 is a model trustee is an understatement. Urban Innovation21 has only been a Kiva Zip trustee for four months but has already helped four small businesses get a crowd-funded loan apiece. All of the small businesses, from Tracy's Shear Delight Beauty Salon to Angela's A-1 Business Center, are now on the repayment stage. It's almost too good to believe. How does Urban Innovation21 do it?... Continue Reading >>