Kiva Loan Program
Kiva is a nonprofit 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.
Up to $10,000
Terms up to 36 months
No high credit score or collateral needed
Why apply for a Kiva Loan with Higher Purpose Co. ?
We are dedicated to strengthening entrepreneurs and businesses. This is a challenging time in our history as we are undergoing a vigorous process of change, growth, and transformation to address disparities many business leaders and entrepreneurs are facing throughout underserved communities. As a Trustee, Higher Purpose Co. will endorse entrepreneurs and assist them throughout the course of the loan.
To be eligible for a Kiva Loan, you must meet the following requirements:
Borrower cannot currently be in bankruptcy or foreclosure
Annual income of less than $100K
Must have or create a PayPal account
At least 18 years of age
Not involve in multi-level marketing or illegal activities
Suggested Loan Uses:
Purchase or upgrade equipment
Business management software
Working capital for inventory
Certifications and licensing
Marketing & advertising