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Kiva U.S.

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Kiva U.S. Review

    Jason Vissers
  • 6 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Jason Vissers

Jason Vissers

Expert Analyst & Reviewer at Merchant Maverick
Jason Vissers has been researching, analyzing, and writing about small business software and finance since 2015. His financial expertise has been cited in numerous publications, including The Ladders. Jason graduated with a Political Science degree from San Diego State University in 2001.
Jason Vissers
View Jason Vissers's professional experience on LinkedIn.



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6 Comments

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    Karen

    Organization Name: None

    I would like to know if there is a way to track the money you send to the person you send it to. Also if there is an email way to stay connected to the group to see how there business is going. I would like to donate to someone I can actually contact and talk to. Is that a possibility?

    • Organization Name: None

    This comment refers to an earlier version of this review and may be outdated.

    Jessica Dinsmore

    Hi Karen,

    Our understanding is that borrowers and lenders can stay in touch by exchanging messages on the Kiva website, as every borrower has a “conversations” tab on their profile that they can use to provide updates to lenders on their business progress, post thank-you notes to lenders, etc. As for tracking the money you lend to a borrower, it appears that part of the job of Kiva’s Field Partners — the intermediary between Kiva lenders and Kiva borrowers — is to track the spending activities of the borrower and report back to the lender.

      This comment refers to an earlier version of this review and may be outdated.

      DM JOHnson

      Organization Name: D M JOHNSON & ASSOCIATES LLC

      I am a startup in the USA, I was told no here is the actual kiva reply:
      Hi there,

      Unfortunately, due to the continuing high demand for Kiva loans from small business owners throughout America, your Kiva loan application has been removed from consideration at this time.

      To strengthen your future business loan applications — whether with Kiva or other small business lenders –, and grow your business, we would recommend contacting one of the following, nationwide service providers. They are experts in providing technical assistance to businesses like yours:

      Your local SCORE chapter for free business mentorship (in person)

      MicroMentor for free business mentorship (online)

      Your local SBDC for free business consulting and training sessions

      I am sorry that we weren’t able to support you with a Kiva loan at this time. We wish you all the best with your business venture, and hope to reconnect in the future.

      SO no they are not suitable for startups unless you are in a third world country, no they will not accept you from the US so dont try, you have to be poor people from another country to get help here despite what thier own page states. I am getting my company going another way with out the startup funds it needs by generation a small income from outbound calls, I am a virtual call center so the actual number of employees I can hire will be very limited untill I can generate enough income with this method.

      THANKS KIVA for NOTHING so youre approved borowers will have the same status with me that you gave me NOTHING

      • Organization Name: D M JOHNSON & ASSOCIATES LLC

      This comment refers to an earlier version of this review and may be outdated.

      Garnet

      Organization Name: 1967

      Hey DM Johnson – What type of business do you have? Could the “type” of business that you were trying to start be the reason for you being declined?

      • Organization Name: 1967

      This comment refers to an earlier version of this review and may be outdated.

      Brian McKeown

      Organization Name: None

      I assisted several hundred people in the Bay Area and around the country to fundraise on Kiva from 2015-18. There are several reasons why business applicant loans are sent your response. If your business application doesn’t make dollars and sense, lacks pertinent information, you can’t demonstrate some sort of an income to pay back the loan, you don’t have a credit score or it’s damaged significantly, you may be denied or asked to provide more details. I’ve seen many sub-standard business applications that make little economic sense and often are contradictory and of poor quality and effort-not suggesting yours falls in this category.

      The type of business is also relevant and a call center is a highly speculative venture, to say the least.

      Did you also ask for $10K, the highest maximum amount as a start-up? If you haven’t been in business or can’t demonstrate a reasonable debt-to-income ratio you’re not going to qualify for the maximum dollar amount and you’re specifically advised not to apply for the maximum.

      • Organization Name: None
      David Kiwanuka

      I have a dream to empower women in my country from their childhood through sports and education, and providing academic inclusion to everyone through providing affordable quality education with a holistic approach, this seems to be a great platform for this dream to come to reality.

        This comment refers to an earlier version of this review and may be outdated.

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