Kiva is a non-profit that provides crowd-funded, 0% interest loans of up to $10,000 for any business purpose such as investing in new equipment, hiring staff, or launching a new product or service.
As a Kiva trustee, SunDown vouches for you on your loan application and publicly endorses you on the Kiva site. For SunDown to endorse a loan application, we evaluate your entrepreneurial team, the impact a Kiva loan would have on your business, and the viability of your business model. To get an endorsement from SunDown, please fill out the form located here.
Once approved, your company goes through a crowd-funding round on the Kiva site, where lenders from around the world can contribute as little as $25 to your loan. Endorsed companies have over a 90% success rate in being funded.
There is no monetary reward for SunDown to vouch for companies or for dollars lent. SunDown does get evaluated on the performance of repayments from endorsed borrows, which impacts our ability to endorse future borrowers.
What we do get is mission fulfillment. Our goal is to help connect entrepreneurs with the resources they need in order to take the next step. Access to early stage capital is one of those resources that we want to help provide to new ventures.