Closing the Access to Capital Gap for Kansas City’s Small Businesses
Kiva is an international 501(c)3 organization. Their mission is to expand financial access to help underserved communities thrive.
In 2024, the Economic Development Corporation of KC became an official Hub for the Kiva product. Through their platform of crowdfunded microloans, Kiva is bridging the access to capital gap in Kansas City
Kiva Loans are
- Between $1,000 - $15,000
- No minimum credit score
- Zero-percent interest
- Social underwriting
- Terms between 12 – 36 months (depending on loan size)
- Social collateral
Kiva KC Offers
4:1 Match
For every $25 raised by a business fundraising on Kiva, the City contributes $100, helping businesses fundraise faster!
Eligibility: Businesses headquartered in Kansas City, Missouri only. Match will be applied automatically.
Note: This does not mean businesses will fundraise more than their approved loan amount, the fund only allows to raise their approved/pre-determined loan amount faster.
Technical Assistance
Businesses approved for a Kiva loan will receive 5 free sessions, 90-minutes each, of 1:1 technical assistance. These sessions can be used to identify challenges and create sustainable solutions for growth.
Eligibility: Businesses headquartered in Kansas City, Missouri only.
Become a Borrower
Kiva KC Loan Process
Eligibility Requirements
- Borrower and business must be U.S. based.
- Borrower must be 18 years of age or older.
- Loan must be used for business purposes.
- Business must not be engaged in multi-level marketing, direct sales, pure financial investing, etc.
- Borrower or business must not be under foreclosure, bankruptcy, or under any liens.
- Home-based businesses are eligible for a Kiva loan.
- Businesses must have a business bank account connected to PayPal. Kiva loans are disbursed and repaid through PayPal.
Required Documents
- Proof of business (Articles of Incorporation, DBA Certificate)
- Business Bank Account Statement
- Kansas City, MO. Business License
Writing your Loan Profile
You’ll need three short paragraphs, between 5 – 10 sentences explaining to lenders:
- Who you are
- How your business started and business goals
- What the loan will be used for
Kiva loans are crowdfunded, so storytelling is important to appeal to potential lenders and customers!
Get started today!
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