Kiva — 0% interest microloans
Kiva.org is a non-profit based in San Francisco, which crowdfunds 0% interest microloans to small business owners, entrepreneurs and farmers throughout the United States (and the wider world). Since 2005, Kiva has funded over $850M in loans, crowdfunded by 1.5 million individual lenders.
Kiva’s U.S. lending program is highly focused on the Food and Farm sector, and could be a valuable resource — either for Farmers and Food Producers, or Farmers Markets themselves. Kiva’s loans are up to $10,000, paid back over 3 years. And they really do have no interest and no fees!
The best part of the Kiva model is the community-based approach. Rather than the loan coming from an impersonal financial institution, a $10,000 loan might be crowdfunded by 400 individual people lending $25 each. That’s 400 potential customers, business advisors, brand ambassadors and supporters.YouTube