Kiva—an international nonprofit—is an online lending platform that connects online lenders to entrepreneurs across the globe. As a response to the global COVID-19 crisis, you can now apply for crowdfunded loans of up to $15,000 at 0% interest on Kiva’s US platform.
Other important updates include term lengths up to 36 months and grace periods up to 6 months. See more details in the graphic.
Find out if you’re prequalified by reaching out to CO.LAB, then easily fill out the online application
Up to 15 days
Prove your creditworthiness by inviting friends and family to lend to you
Up to 30 days
Go public on Kiva, with your loan visible to over 1.6 million lenders worldwide
Up to 36 months
Build your customer base by repaying your Kiva loan
Without Kiva, I can say with absolute certainty that I would not be where I am today. I was at a stuck point and could not move further without funds. Because of Kiva I was able to afford professional pictures of my product which allowed me to launch my website and social media platforms. I was also able to purchase packaging which for my product is crucial, as well as other inventory items. — Ella Livingston, Founder of Cocoa Asante
With the help of the Kiva platform, I was able to fund my prototype which gave life to my vision and business. That was very impactful. — Gable Eaton, Founder of TeqTouch
Over 18 years old
Not currently in bankruptcy
No credit score required
What do I need to know?
Loans up to $15K
6 – 36 monthly repayments
Katie grew up in Dothan, Alabama and came up to Chattanooga to attend Covenant College, where she majored in history with a focus on British history. After college, she began her journey into the startup world at Tricycle, Inc., as a traffic manager then moved into the development world at Covenant College, raising annual fund dollars along with grant writing. She spent time in several other local startups, including Quickcue and Variable. She recruited talent for Lamp Post Group and over the last few years managed the Chattanooga Gigabit Community Fund for Mozilla Foundation. Katie currently runs CO.LAB’s Kiva program – a crowdfunding loan platform providing 0% interest loans up to $10,000. After childhood dreams of a dog washing business fizzled out around age 8, she started her own cleaning business at 14 when she needed to save money to buy a car and hasn’t stopped hustling since!
Interested in launching a Kiva campaign to support your business venture? Get in touch with us.