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City of West Allis News - Development

Posted on: December 12, 2019

Kiva West Allis

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Are you familiar with Kiva? Are you looking to start or expand your West Allis business?

Kiva is an online crowdfunding program that provides 0% interest loans to entrepreneurs and start-up businesses. Anyone can become a Kiva lender and help make entrepreneurship more inclusive by loaning as little as $25 to women, people of color, immigrants, veterans, and lower-income entrepreneurs and business owners. Kiva borrowers and lenders come from all around the world, and we are excited to partner with KIVA to help grow our local entrepreneurial community.

Unlike loans from traditional lenders, other microlenders, or other crowdfunding platforms, Kiva US offers loans from $1,000 to $15,000 that are 0% interest, fee free, crowdfunded loans with applications that require no credit score, collateral, business plan or financial statements. Learn more at Kiva U.S.

West Allis was designated a Kiva City in May 2019, meaning small businesses will have access to additional capital through this program. The City of West Allis has allocated $100,000 and made a three-year commitment to fund the administration of the program and matching funds for West Allis businesses that secure loans through Kiva.

QUICK FACTS

  • 0% interest loans from $1,000 - $15,000
  • No fees
  • Terms up to 36 months
  • Crowdfunded by borrower’s personal and professional networks as well as Kiva’s lenders

Contact Renee Lindner, Kiva West Allis Capital Access Manager, for more information or call Renee at 414-395-4548.

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