AIM is pleased to announce a partnership with Kiva Zip that will allow AIM members to qualify for 0% financing up to $5,000 for the first loan and up to $50,000 for subsequent loans. How does it work you ask?
The loans can be used for any business purpose! Some examples include: a vendor who bought her items in bulk to cut costs, another vendor who bought a van to cater larger events, or even paying your commercial kitchen fees to name a few. Loans are crowdfunded by hundreds of lenders from around the world that read your story, lend you as little as $5 each, and rally around your business as potential customers, business advisers, and brand ambassadors. You’re able to fill out a loan application upon a referral from a Trustee, which AIM will be acting as for our members. AIM will write a public endorsement and speak to your character, personality and business concept, all of which will be viewable by those looking to donate and invest in your businesses.
98% of businesses using Kiva Zip have been successfully funded and the average number of lenders is 150 per loan. The first loan can be up to $5,000 and once that has been repaid, the vendor will then qualify for subsequently higher and higher amounts after successfully repaying each loan, up to $50,000.
As a Trustee, AIM will be allowed to endorse up to (3) of our vendors for loans and that number will increase as those vendors successfully repay their loans. If inter- ested, please contact AIM, either by phone or email: (415)-472-6100 or [email protected]. To learn more about Kiva Zip, visit their website at zip.kiva.org.