Oklahoma City, OK partners with local organizations on crowdlending initiative through Kiva U.S.

Oklahoma City, OK Kiva U.S. Crowdlending Initiative

In Progress

The city provides funds to the Economic Development Trust for a local hub of Kiva's crowdlending service. Nonprofit Progress OKC will recruit small businesses, review campaign applications, and advise participants throughout the process. Participating businesses conduct one-month campaigns for up to $15,000 in loans from a global network of one million lenders. This initiative opens a new avenue for small business funding with zero-interest loans and three-year repayment timelines.

Citizen Crowdfunding Economic Development Public Private Partnership (PPP)

Oklahoma City, OK

Municipality in Oklahoma

United States

Links

Economic Opportunity | progressokc

Newsworthy

City of Oklahoma City to provide new aid to small businesses through Kiva U.S. partnership | KOKH

OKLAHOMA CITY (KOKH)--The City of Oklahoma City will provide new support for small businesses through a new partnership with Kiva U. S. Kiva U. S. is an online crowdlending platform that strengthens financial access for small businesses. The Oklahoma City Council voted on Tuesday to concur with the Economic Development Trust's agreement with Progress OKC, a local community development corporation that will serve as Kiva's local hub.

News Releases | City of OKC

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