Kiva is an online loan crowdfunding platform that enables entrepreneurs to access 0% interest small business loans up to $10,000. Kiva’s model is unique because it uses social underwriting--a borrower’s character, relationships, and reputation--instead of their credit scores or assets to access business capital.
LISC LA has a Kiva Accelerator Fund to match borrower campaigns $1 for $1. In order to receive the matching funds, businesses need to be endorsed by a LISC Kiva Trustee in LA County. LISC LA currently has over 15 Trustees for local businesses to partner with. Check out the list below.
LISC also has a partnership with the City of Long Beach, and has launched Long Beach as an official Kiva City. If you are a business owner in Long Beach, connect with Trustees on the Long Beach Kiva City page here.
In response to COVID 19:
As of April 2020, LISC LA is focusing our Kiva Fund to support food-based businesses that are providing low-income neighborhoods with access to both fresh/healthy food, and prepared meals.
With the “Shelter In Place” mandate from the State, it becomes particularly important that these mom and pop businesses can remain open and adapt their services to comply with safety regulations for their workers and customers in neighborhoods that lack grocery stores and/or abundant restaurant options and where car access is low.
The Kiva Accelerator Fund will provide direct $1 for $1 matching support to these food-based businesses across the County.
LISC Kiva Trustees
- Asian Business Association
- East Los Angeles Community Corporation
- Best Accelerator
- Inclusive Action
- MCS Harbor BusinessSource
- MCS Hollywood BusinessSource
- Asian Pacific Islander Small Business Program
- ABC Tradehouse
- Bixby Knolls PBIA
- CSULB Institute for Innovation & Entrepreneurship
- Downtown Long Beach Alliance
- LB Fresh
- Midtown PBD
- United Cambodian Community
- Uptown Business Improvement District
- Ronnie's House/Accelarate Uptown
- World Bridge Consultants
- City of Long Beach Economic Development Department
LISC and Kiva partnered to expand financial opportunities for under-served entrepreneurs and small businesses.