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 interested, 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.