Hiccup is all about community and helping shift the balance from big-box conglomerates to local small businesses. We're after a more engaging, enriched, and self-sustaining local economy and community. If you are as well, we'd love to hear from you.
Kiva is a local non-profit that connects small businesses with 0% interest loans up to 10k. Loans are crowd-funded on the Kiva website by individuals around the world who invest as little as $25.
Rather than looking at credit scores, cash flow, or collateral, Kiva underwrites loans based on the character of the entrepreneur. Their funding success rate is over 90% and the process only takes a few weeks.
Kiva loans can be used for any business purpose. Most use Kiva financing to purchase equipment, support marketing efforts, invest in inventory, or as a working capital buffer.
If you have any questions, please reach out to Spencer (email@example.com) who is managing the Bay Area program.