Showing 2 ideas for tag "crowdfunding"

Economy

Kiva Zip Miami

Kiva Zip is a crowd-lending platform that enables financially excluded small entrepreneurs to access loan capital. These entrepreneurs are able to crowd-fund a loan of 5 to 10K with 0% interest on our platform. Through our platform more than 35,000 lenders from around the world have lent to entrepreneurs in the United States. In addition to the financial capital, our borrowers also connect with thousands of lenders who... more »
Who are you?

Kiva is an online lending platform that has provided over 600 million dollars in loans to small and micro entrepreneurs globally through crowd-funding. Kiva is the winner of the Economist "No Boundaries" Innovation award.

How does this project impact the issue you selected?

In the US, capital access is one of the principal obstacles to small business growth. Yet, daily banks reject an average of 8,000 small business loan applications. This project brings financial capital to small entrepreneurs who can't typically secure a loan. Kiva does not use traditional methods of credit evaluation to assess credit worthiness. Rather our borrowers use their social capital to qualify for our program. This allows us to reach the most financially excluded populations.

What data points from The Our Miami Report does your project address?

First, one of the goals identified in the report relates to job opportunities. Based on our survey, we have found that 50% of Zip borrowers were able to use the funding to employ an additional employee. Second,
the report indicates an above average # of startups in Miami. Typically startups struggle to secure the business loans necessary to scale or succeed. For this very reason our loans are available to startups in order to provide the financial access they would not otherwise secure.

Please give examples of your project's success.

Kiva Zip was a pilot project started in 2011 focused on addressing the needs of small US entrepreneurs who were struggling to secure loans. Since it's inception, the program scaled dramatically providing nearly 4.9 million in capital to over 5,000 borrowers. These loans have been crowd-funded by 35,000 lenders from 180 countries. Furthermore, we impacted the most financially excluded populations with the majority of funding supporting women and minorities from low-medium income backgrounds.

Organization Name (or individuals name) Kiva Microfunds

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Civic Engagement

PhilanthroFest 2015 Festival! Get the 411 on 4/11 at Museum Park

Increase volunteerism, community engagement and donor investment throughout South Florida with the PhilanthroFest 2015 Festival.

Entering it's 4th year, the festival showcases 100+ causes & community resources while connecting people in need to service providers, and those who wish to get involved, donate or volunteer connect with organizations that align with their passions and values.

Philanthrofest is scheduled... more »
Who are you?

We are about connecting people, passion and philanthropy; enriching the cultural landscape of Miami; and empowering individuals with information & inspiration. We are a grass-roots civic engagement movement. We are PhilanthroFest!

How does this project impact the issue you selected?

Philanthrofest helps organizations connect both on-line and in real life. We recognize that by helping organizations thrive, they are able to better serve their mission.

By participating in the PhilanthroFest festival, non-profit participants are able to engage Miamians in their cause. Individuals are able to immerse in causes they care about and see how they can help fill unmet needs. Connecting people, passion and philanthropy is a huge step in increasing civic engagement.

What data points from The Our Miami Report does your project address?

By giving residents a platform to meet and greet with over 100 causes we are able to positively effect the Miami metro volunteer rate and push past the 15% mark while increasing the likelihood that they will invest dollars & time into the causes they connect with. Early participation in volunteer activities promotes lifelong civic involvement which is why we are bolstering our attractors for children and young adults. We are creating an engaged citizenry which will collectively elevate Miami.

Please give examples of your project's success.

Brand building and exposure for over 100 causes at each festival; Increased interactions and lead generation for non-profits; Unique fundraising and experiential education opportunities; Exposure for over two dozen visual & performing artists; Community reach via various media including print, TV, on-line radio & social media; Additionally, participating orgs enjoy positive collateral impacts such as growing volunteer & donor base, networking & creating new collaborations with other causes.

Organization Name (or individuals name) PhilanthroFest

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10 votes
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