$10 Donation to Kiva.org Women-Owned Business Fund
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To celebrate National Women’s Small Business Month, Kiva is removing barriers to financial access by providing loans to small businesses
100% of donations will be pooled into a fund that supports women-owned small businesses and early stage entrepreneurs in the United States.
Kiva.org and Women-Owned Business Fund
In today’s difficult circumstances, Kiva is stepping into its role in equitable small business recovery by distributing risk-tolerant capital – capital that is often the difference between a business shutting down and keeping their doors open. Kiva’s 0% interest, $1,000-$15,000 loans are uniquely designed to provide funding opportunities for entrepreneurs when conventional lenders won’t. Here is a snapshot of Kiva’s U.S. borrowers:
- 68% are entrepreneurs of color
- 63% are female entrepreneurs
- 36% are businesses in their first year of operations
- 23% are immigrants
- 71% of business owners either have a credit score below 650 or don’t know their score.
Borrower Story: Karla
Karla is from San Juan, Puerto Rico, but studied in the contiguous US and Europe to complete a BFA in Furniture Design from Rhode Island School of Design and a Masters in Footwear Design from Polimoda. She is passionate about designing to improve the quality of life and brings over 10 years of experience in the footwear industry.
After living abroad, Karla returned home to Puerto Rico a year after the devastating Hurricane Maria to participate in a business accelerator. There, she launched her footwear brand Isleñas. Isleñas does in-house manufacturing and gives women an opportunity to join the workforce through a train-to-hire partnership with a local non-profit organization.
Isleñas’ manufacturing capacity was affected in 2020 first by the earthquakes and later by Covid-19. Karla took out a loan to expand her facility so that she could continue training and hiring more community members.
To celebrate National Women’s Small Business Month, Kiva is removing barriers to financial access by providing loans to small businesses
100% of donations will be pooled into a fund that supports women-owned small businesses and early stage entrepreneurs in the United States.
Kiva.org and Women-Owned Business Fund
In today’s difficult circumstances, Kiva is stepping into its role in equitable small business recovery by distributing risk-tolerant capital – capital that is often the difference between a business shutting down and keeping their doors open. Kiva’s 0% interest, $1,000-$15,000 loans are uniquely designed to provide funding opportunities for entrepreneurs when conventional lenders won’t. Here is a snapshot of Kiva’s U.S. borrowers:
- 68% are entrepreneurs of color
- 63% are female entrepreneurs
- 36% are businesses in their first year of operations
- 23% are immigrants
- 71% of business owners either have a credit score below 650 or don’t know their score.
Borrower Story: Karla
Karla is from San Juan, Puerto Rico, but studied in the contiguous US and Europe to complete a BFA in Furniture Design from Rhode Island School of Design and a Masters in Footwear Design from Polimoda. She is passionate about designing to improve the quality of life and brings over 10 years of experience in the footwear industry.
After living abroad, Karla returned home to Puerto Rico a year after the devastating Hurricane Maria to participate in a business accelerator. There, she launched her footwear brand Isleñas. Isleñas does in-house manufacturing and gives women an opportunity to join the workforce through a train-to-hire partnership with a local non-profit organization.
Isleñas’ manufacturing capacity was affected in 2020 first by the earthquakes and later by Covid-19. Karla took out a loan to expand her facility so that she could continue training and hiring more community members.