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The Kiva Borrower Process

Step 1 - Application
  • Start an online loan application- Good applications have: a VERY high-quality photo (see guidelines and stay tuned for a Business Photo Workshop) 
  • A clear business story 
  • A strong online process
  • A local Kiva Trustee endorsement (CLEDA is your local trustee)
  • Make a minimum $25 loan on Kiva Submit application for review
Step 2 (1-15 days)
  • Private fundraising period
  • Your pre-committed friends and family can go online and each lend a minimum of $25 to your loan
  • Plan to get friends and family to commit to 20 – 30% of your loan
  • This proves you have the support and trust of your community prior to barrowing from the Kiva community 
Step 3 (1-30 Days)
  • Public fundraising period
  • Your application is live on Kiva’s platform
  • Visible to 1.5 Million lenders from the global Kiva community
  • Stay engaged in the online fundraising process
Step 4 Repayment
  • Funds disbursed within 5 days of being fully funded
  • First repayment due 30 days after funds disbursed ( 6 months for Agricultural businesses)
  • Regular monthly repayment thereafter
What won't qualify:
  • Under 18 years old
  • In bankruptcy or foreclosure
  • Illegal business
  • Socially inappropriate business
  • Multi-level marketing businesses (Avon etc.)
  • Kiva makes final determination for all potential borrowers based on multiple criteria
  • Non-responsive applicants
How to Qualify for a CLEDA Endorsement on Kiva
For Non-Farm Businesses:
  1. Successfully complete Ice House Entrepreneurship Training
    -- includes attendance, participation, completion of assignments
    -- includes creation of viable, short form business plan and customer validation
    -- includes creation of viable six-month project plan
  2. Complete first 30 days of six-month project plan
  3. Agree to meet for coaching and to provide updates during term of loan) 
For Farm/Ranch Based Businesses
  1. Successfully complete Beginning Farmer Accelerator
    -- includes attendance, participation, completion of assignments
    -- includes creation of viable, short form business plan and customer validation
    -- includes creation of six-month project plan
  2. Complete first 30 days of six-month project plan
  3. Agree to meet for coaching and to provide updates during term of loan
Existing Businesses (Farm & Non-Farm)
  1. Successfully complete Business Expansion Workshop
    -- includes break-even analysis for proposed product/expansion
    -- includes debt service analysis
    -- includes customer validation
    -- includes creation of a six-month project plan
  2. If not prior graduate of Ice House or Beginning Farmer Accelerator or prior Kiva barrower (successfully repaid), complete first 30 days of six-month project plan
  3. Agree to meet for coaching and to provide updates during term of loan

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