Kiva Rochester is a partnership between the City of Rochester and Kiva, the world’s largest crowdfunded microlender. Since August of 2016, Kiva Rochester has worked to provide Rochester small business owners and entrepreneurs with zero (0) percent interest loans of $10,000 or less to help grow or launch their business. Kiva’s mission is to expand access to capital for entrepreneurs and business owners who might have difficulty securing loans for traditional lending institutions, and is an ideal partner for the City and REDCO in expanding their offerings for small businesses.
Kiva’s Crowdfunded Loans
- Zero (0) percent interest, $10,000 or less.
- Terms up to 36 months.
- Opportunity to build your business credit.
- Crowdfunded by hundreds of individual lenders all over the world in increments of $25 or more, using Kiva’s innovative online platform.
- Borrowers are eligible to have each individual loan matched 1:1 by the Rochester Economic Development Corporation (REDCO) Matching Loan Fund.