Erica Frenay of the Cornell Small Farms Program will host a webinar with Katherine Lynch and Lauryn Drainie of Kiva Zip in New York City. Kiva Zip, part of the international nonprofit, Kiva.org, offers 0% interest loans of up to $10,000.00 for small businesses, entrepreneurs and farmers in the United States. The webinar will be November 10 from 2 to 3 p.m.
Kiva’s big innovation is the concept of “social underwriting” and rather than evaluating a loan application based on credit score or collateral, they evaluate a borrower’s character and network of trust to determine creditworthiness. Loans are crowd-funded on Kiva Zip’s online platform by individuals around the world who invest as little as $25 each.
The webinar will cover:
- What is Kiva Zip?
- Who is an ideal Kiva Zip borrower?
- What are Kiva Zip’s loan terms?
- What is social underwriting?
- How can your farm education programs use Kiva Zip as a free tool to support the farmers you work with?
To register, click here.