The Northwest Arkansas Kiva hub is celebrating a major milestone as they have now provided $1 million in interest-free loans to empower and support local entrepreneurs. The crowdfunded microloan program has facilitated opportunities for over 100 financially excluded and socially impacted business owners across Northwest Arkansas.
Startup Junkie Foundation launched the state’s first official Kiva Hub in Northwest Arkansas in December of 2019. The hub serves as a local resource center by which entrepreneurs and small business owners can access the Kiva platform to obtain no-fee, no-interest microloans of up to $15,000 from a community of local and national lenders.
Kiva’s philosophy centers around character over credit and the strength of community-based lending. As a result, the Northwest Arkansas Kiva Hub facilitates funding opportunities for entrepreneurs who may not qualify for traditional lenders.
Thanks to this impactful initiative, the NWA Kiva Hub has successfully raised $1 million. This funding has allowed local innovators to launch new ventures, expand their businesses, and better serve the community with their products and services.
The $1 million raised is testimony to Northwest Arkansas’ dedication to fostering the growth and development of its thriving small business community.
“This achievement showcases our unwavering commitment to empowering entrepreneurs and fueling their dreams. Each loan we’ve extended is not just a transaction but a testament to resilience, determination, and the belief that every dream is worth investing in. Here’s to the first million, and to many more as we continue to build bridges towards financial inclusion and economic prosperity.” said Claudia Scott, Kiva NWA Capital Access Manager. “We extend our deepest gratitude to our lenders and supporters. Your faith in our mission has fueled dreams and empowered entrepreneurs, turning small businesses into catalysts for change. You are not just lenders; you are partners in creating a world where everyone has the opportunity to prosper. Thank you for standing with us on this journey towards financial inclusion and economic empowerment.”
In commemoration of the achievement, Kiva NWA will host a “$1 Million Milestone” celebration on February 22nd at 6:00pm at TheatreSquared. The event will be a recognition of the success of all Kiva NWA borrowers and a gesture of thanks to all its lenders. More information is set to be released over the coming months.
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키바 NWA 소개
키바 NWA is a Fayetteville-based microlending platform, facilitated by Startup Junkie Foundation and supported by the Walton Family Foundation, dedicated to providing financial access to entrepreneurs in Northwest Arkansas. The program believes in character over credit and the power of community-based lending. Because of these beliefs, they provide funding opportunities for entrepreneurs where conventional lenders can’t. Through Kiva NWA, borrowers and small businesses can crowdfund interest-free business loans ranging from $1000 to $15,000.
NWA Kiva Hub를 통해 대출을 받으려는 중소기업 소유주인 경우 질문이 있거나 비용 지원이 필요하지 않은 경우 Capital Access Manager Claudia Scott(nwa@local.kiva.org 또는 479.264.5856)에게 문의하세요. 신청 절차.
스타트업중독재단 소개
Startup Junkie는 혁신과 기업가 정신을 통해 삶을 개선하기 위해 존재하는 사명 중심 조직입니다. 이 조직은 지역 경제 성장 촉진을 목표로 멘토링, 컨설팅, 교육 등 다양한 서비스를 제공합니다. Startup Junkie는 북서부 아칸소의 기업 생태계 강화에 전념하는 광범위한 파트너 및 전문가 네트워크를 보유하고 있습니다. 재단은 일대일 컨설팅을 통해 수천 명의 기업가를 도왔으며 연간 200개 이상의 이벤트와 프로그램을 주최합니다.
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