kiva zip for upstart farmers

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Kiva Zip for Upstart Farmers

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§  Kiva and Kiva Zip Background

§  Impact to Date

§  The Kiva Zip Loan

§  Tips for Success

Contents

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1,200,000+ Lenders

1,500,000+ Entrepreneurs

$650,000,000+ Loans

98% Repayment Rate

A Brief History of Kiva

5 What about my neighbor?

Why can’t I lend in the

United States?

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Every day

small business loan applica3ons are rejected by banks

8,000

What’s the problem? Job creators are constrained

small business loan applica3ons are rejected by banks

7 in 10

7 The big picture vision

A hundred years ago, banking was all about human relaRonships.

Now it is all about FICO scores, credit reports and balance sheets.

Kiva Zip retains the power of modern technology and data…

…But reinserts relaRonships into today’s transacRonal financial systems.

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Contents

9 Kiva Zip impact to-date

§  1300+ small businesses supported with 0% interest loans

§  $6.3m of microloan capital deployed

§  Over 50,000 lenders have made a loan

§  89% repayment rate (has been rising from 84% since June 2013)

§  55% of borrowers are ethnic minoriRes

§  Over half of loans have been to women

§  59 loans to veterans

10 Farmers - Nationwide

170+ Borrowers of 1,000 total borrowers Over 15% of total borrowers na3onwide are farmers with a 98% payment rate

Over $1M in loans raised Most popular loans on the Kiva Zip website

100% Successfully Fundraised

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Contents

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§  For business purposes only

§  Up to $10,000 for farmers

§  0% interest, and no fees

§  Up to 36 months term

§  Grace period up to 6 months

What a Kiva Zip Loan looks like

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•  Seeds, fer3lizer, etc. in bulk •  Purchasing or repairing greenhouses •  Refrigerated trailers •  Hoop houses and high tunnels •  Repairing fences •  Expansion into new food categories

•  Infrastructure Improvements •  Improving water technology •  Seasonal labor •  Market and packing supplies •  Work trucks •  Purchasing livestock

Farmers are using Kiva Zip to…

14 Bright Agrotech Success Story

15 Marketing and Engagement Tool

Supporters ConnecRons Customers

Feleciai had over 500 lenders on her loan

Many of them sent her messages of support

She has increased her sales by being on Kiva Zip

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§  Kiva and Kiva Zip background




Contents

17 Tips for success

#1 Decide how much you need

18 Tips for Success

#2 Take a Great Photo!

19 Tips for success

•  Make It Personal •  Keep it Simple •  Share how you’ll spend the money •  Emphasize the Impact

#3 Cra` your Campaign

20 Tips for success

•  Plan to let anyone who has ever supported your farm know you’re looking for backers

•  Don’t have much of a network in the first place? Then build one •  Most campaigns have an 80%/20% split between your network and

“the crowd”

#4 Ready your troops

21 Tips for success

#5 Recruit More

22 Tips for Success

•  Don’t let your campaign drag on •  Stagger your updates •  Maintain separate email lists •  Don’t freak out (there will be a slump)

#6 Keep the Momentum

23 Tips for Success

#7 Keep your promises and keep communica3ng

24 How to Start

Start the Kiva Zip process today by visi3ng

hgps://zip.kiva.org/borrow

‹#›

Questions? Watch your email for more helpful

information about funding your farm!

kiva zip for upstart farmers

Business