Help Women-Owned Businesses Access Affordable Financial Capital

Kiva.org

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Highlights

To celebrate National Women’s Small Business Month, Kiva provides 0% interest loans to small businesses and entrepreneurs

About This Deal

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.

Cinthya - Utz Threads

Cinthya grew up in Redwood City in a household with traditional Mexican values. For her, that meant community, love, and hard work. Seeing the way her parents constantly pushed themselves and made moves to get ahead definitely influenced her desire to be an entrepreneur.

With a loan, Cinthya is buying products from a women’s weaving cooperative in Guatemala. She needs at least 2 of each product in order to have stock for the eCommerce platform that she is creating. Each product is between $10 to $50 and will total $1,000. With these products, she will be able to hold enough stock to evaluate what the market enjoys most. This loan will offer the women jobs and ensure that they are paid immediately upon finishing the products. This will allow them to offer financial support to their families.

Fine Print

Limit 100 per person. 100% of donations goes directly to Kiva.org. Groupon will absorb all credit card processing fees. Although donations will be memorialized as a voucher in your My Groupons, there are no further actions for you to take - the donations are automatically applied. Merchant is solely responsible to purchasers for the care and quality of the advertised goods and services. Offer is not eligible for our promo codes or other discounts. Learn about Strike-Through Pricing and Savings

About Kiva.org

Founded in 2005, Kiva is an international nonprofit with a mission to expand financial access to help underserved communities thrive. Combined with the power of technology, Kiva has enabled $1.4 billion in risk tolerant capital to support over 3 million borrowers in 80+ countries with a 97% repayment rate. It does this by crowdfunding loans and unlocking capital for underserved small businesses and entrepreneurs, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world.

To learn more about how Kiva.org is supporting small businesses and entrepreneurs, please visit their site: https://www.kiva.org.