Most of you probably got this newsletter, but jic you didn't, Kiva is now in the U.S.! Check out the details below.
Kiva is now in Detroit! Kiva recently launched a new non-profit, community coalition to bring more than $500,000 in microloans to Detroit small businesses.
Our First Kiva City
Kiva City is a new way for Kiva to accelerate the growth of U.S. microfinance by empowering communities. Our first Kiva City is Kiva Detroit, a partnership between Kiva, Michigan Corps, Knight Foundation and ACCION USA to expand the reach of Kiva lenders to the entrepreneurs in Detroit.
Kiva City was announced by President Bill Clinton at CGI America.
The day after President Clinton announced Kiva City, the Kiva Detroit team held a community celebration in Detroit to launch the initiative. The Microlending Film Project filmed the event, and have shared their footage with us for Kivans who were unable to attend.
Delphia is starting a newspaper for the homeless and at-risk people of Detroit.
Delphia is launching a street newspaper, Thrive Detroit, to enable dozens of homeless and at-risk Detroiters to become entrepreneurs.
Delphia works at a homeless shelter running a program designed to house both the homeless and those at risk of becoming homeless. One day, her boss came back from a trip to Philadelphia and mentioned a "street newspaper" he had seen there. These newspapers were made for and sold by the homeless and at risk people of Philadelphia.
This gave Delphia an idea: could a street newspaper work in Detroit? It would require $1,275 to finance her first newspaper printing. When she heard about Kiva Detroit, she started working with the Michigan Corps team to apply for a loan. Her loan was approved by ACCION USA and posted to Kiva. Now, Thrive Detroit is ready to hit the printing press!
Nick is expanding a bike trailer company and creating jobs in Detroit.
Nick is expanding his business making handmade bike trailers, built by students from a local Detroit high school.
Nick first got the idea for handmade bike trailers while sitting in a soup kitchen. While watching people come and go, he noticed that many people were riding bikes - and that it is very hard to ride a bike while holding something with your hands. His solution? Handmade bike trailers, made right in Detroit with the help of a partnership with a local high school.
Nick borrowed $3,175 to purchase materials for his students to manufacture new bike trailers and advertise the business. His bike trailers will not only help people get around Detroit, but they will hopefully create jobs for local high school students as the business expands.
Kiva Detroit is the first Kiva City, a new initiative that enables US communities to bring Kiva to their local entrepreneurs. Kiva City creates alliances between Kiva, local civic leaders, local community organizations, and financial institutions. A Kiva City alliance, such as Kiva Detroit, enables Kiva to expand the reach of its lenders, through the help of the local community.
The Kiva City program was made possible through initial funding from Visa and the first Kiva City was made possible by a partnership with ACCION USA. If you are interested in bringing Kiva to your local entrepreneurial community, learn what you can do here.
One final note: don't forget we have borrowers from over 50 countries who are looking for loans every day.