Kiva’s online fundraising platform allows first-time farmer borrowers to request up to $10,000 in loans ($5,000 for non-farmers). Subsequent loans may increase in limit based on successful repayment of previous loans.
Applicants to either program must:
ADDITIONAL ELIGIBILITY CRITERIA FOR KIVA LOANS
Permitted Use of Funds
Kiva borrowers may use their loans for a wide range of different reasons. Some examples of how successfully funded Kiva loans were used include: purchasing an ice machine and scalder to improve the efficiency of meat processing for pasture raised poultry; buying supplies and equipment to start an organic farm; obtaining a greenhouse, commercial range, triple-bin stainless steel sink, and commercial lettuce spinner to increase efficiency and profitability on an established farm; purchasing feeders, lights, feed, refrigeration, and baby chicks for a small chicken CSA farm; purchasing and putting up a high tunnel; enclosing and weatherizing an existing pole barn for use in mushroom production.
Where to Start
Visit the Borrower’s Hub on the Kiva website to learn more about the application process.
After you fill out a short form with basic information about yourself and your business, a Kiva representative will then reach out to you with information on next steps.
You will be required to complete an application.
Once you complete your loan application to Kiva and the OEFFA Kiva Trustee Endorsement Application, they will be reviewed. If approved, borrowers have 15 days to invite the required number of lenders to fund their loan. Once you reach the required number of lenders, your loan will be posted to the public Kiva website and you then have 45 additional days to raise the remaining amount.
For More Information
Browse the Kiva website.
For questions about Kiva:
Call: (614) 421-2022 Ext. 202
OEFFA: (614) 421-2022
OEFFA Certification: (614) 262-2022