Hera Hub is so excited to have been given the opportunity to work with Kiva Zip. Kiva Zip is a pilot program, launched by Kiva, that enables us to make direct loans to entrepreneurs in Kenya and the United States. We can make a loan today for as little as $5. Over time, as our loan is repaid, we will get our money back, and we can then withdraw it, or relend it to another entrepreneur.
There are three main goals with Kiva:
- Help entrepreneurs access the financial services they need
- Lower fees and interest rates to make borrowing affordable
- Cultivate community between borrowers and lenders
We are very excited to start working with Kiva. We view this platform as being an alternative to crowdfunding platform. We are looking forward to helping entrepreneurs start their businesses. Learn more about Kiva Zip here.
