Social Entrepreneur: Kiva expanding access to funding for entrepreneurs

Lily Vail leads the Kiva lending program in Columbus. The online platform allows small-business owners to access zero interest, crowdfunded loans that range from a few hundred dollars up to $10,000.

Kiva started in 2005 as a platform to connect borrowers and lenders abroad. In the United States, it operates as a direct-lending platform to business owners for terms up to three years. In Columbus, community leader Reese Neader decided that Columbus needed a low-cost source of capital for young entrepreneurs who were not able to access traditional sources of capital.

Click here to read the complete article.
Story excerpt provided by Columbus Business First.
Written by Allen Proctor.
Originally published July 26, 2018.

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