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Waco non-profit helps area businesses get loans through crowdlending Startup Waco has partnered with microfinance company Kiva to help local businesses in McLennan County receive loans through crowdlending Author: Matt Lively Updated: 10:21 PM CST February 9, 2021 WACO, Texas Startup Waco is an organization that works as a resource for businesses in Waco. It acts as a communal working space, an event host and now helps in securing a small business loan. However, the loan that Startup Waco helps with is no normal loan. It is one that comes with no fees, no interest rates and it s partially contributed to by the community. This is called crowdlending. ....
Startup Waco hosts nonprofit Kiva to help fund small businesses and last updated 2021-02-03 20:44:19-05 WACO, TX â Startup Waco is the first organization in Texas to connect local small business owners with Kiva, a nonprofit organization that uses a crowdfunding concept where the community can fund loans to local businesses. Startup Waco has experts that can assist and guide people through Kiva, from how to qualify to how big of a loan they can receive and when. Kiva offers $0 fees and 0% interest loans to small businesses with loans ranging in size from $1,000 to $15,000. They also require borrowers to obtain support from their local community by raising microloan commitments from friends, and family and neighbors. ....
New nonprofit coming to Waco to help local businesses stay afloat and engage community Waco one of 12 cities selected nationwide MMJ5 and last updated 2020-12-15 16:45:04-05 WACO,TX â A new nonprofit is coming to Central Texas to help local businesses struggling to stay afloat. Waco was one of 12 cities chosen from across the country, and is the first Texas city to become a Kiva Hub. Kiva is the largest crowd lending platform in the world, launching as a solution for entrepreneurs in third world countries to gain capital. They decided to expand their focus to local businesses. In partnership with Startup Waco, businesses will have access to 0% interest fee loans to gain capital and build credit. ....
A San Francisco company founded to funnel loans to mom-and-pop shops in developing nations has brought its act to Texas, collaborating with Startup Waco to make no-interest microloans available locally. Kiva, a nonprofit founded in 2005, has chosen to make Waco a âKiva Hub,â the first city in Texas to receive such a designation, Startup Waco CEO Jon Passavant said. He welcomed small business needing a loan up to $15,000 to contact Startup Waco, headquartered at 605 Austin Ave. The Waco City Council gave the local Kiva Hub a financial kick-start, awarding it a $50,000 grant. Passavant said he hopes to approach individuals and foundations about putting additional money behind Kiva. ....
A San Francisco company founded to funnel loans to mom-and-pop shops in developing nations has brought its act to Texas, collaborating with Startup Waco to make no-interest microloans available locally. Kiva, a nonprofit founded in 2005, has chosen to make Waco a âKiva Hub,â the first city in Texas to receive such a designation, Startup Waco CEO Jon Passavant said. He welcomed small business needing a loan up to $15,000 to contact Startup Waco, headquartered at 605 Austin Ave. The Waco City Council gave the local Kiva Hub a financial kick-start, awarding it a $50,000 grant. Passavant said he hopes to approach individuals and foundations about putting additional money behind Kiva. ....