December 14, 2016
The one area I receive more questions about than anything else relates to the finances associated with starting and running a food business. The fact that I get these questions speaks to the level of sophistication, drive, and focus that you as an entrepreneur have. However, when it comes to questions around raising capital, I’ve always been hesitant to answer because it’s not my area of expertise.
Which is why I’m excited to announce that starting in 2017, Small Food Business will be partnering with Kiva.org to help answer some of those questions for you. Kiva U.S. is the US-focused branch of the worldwide lending platform Kiva.org. The organization originally started in 2005 with the focus on providing microloans to underserved populations in third-world countries. They’ve now loaned more than $900 million to 2 million entrepreneurs around the world. Kiva U.S. builds on this model with a specific focus on small businesses here in the U.S. that traditionally have a hard time getting financing or funding. With Kiva U.S., entrepreneurs can receive 0% interest loans of up to $10,000 for use for their businesses.
Kiva U.S. are experts when it comes to the ins and outs of entrepreneurs raising capital – both on the Kiva platform and through traditional channels as well – and in the coming months they’re going to be sharing their expertise with us. Look for a podcast interview on January 9th that will kick off the new year as well as a webinar shortly thereafter (check back Friday for the complete webinar schedule and to sign up). Kiva U.S. will also be writing a number of articles for the site that focus specifically on the questions food entrepreneurs have about financing business growth.
For more information about Kiva U.S., click here. If you have specific questions you’d like to see answered in one format or another, please email me at info (at) smallfoodbiz (dot) com.