Slow Money SLO is a new Trustee for Kiva Zip
Poppy’s Products completed their Kiva Zip fund raising for $5,000. to help launch their next product. This is the first Kiva Zip loan for which Slow Money SLO has been the Trustee. We look forward to helping additional small food and farm businesses in SLO County.
Slow Money SLO is pleased to announce that we have been accepted as a Trustee for Kiva Zip. In this Trustee capacity, we are in a position to refer SLO County based, small food and farm businesses to Kiva Zip for potential crowd funded loans. These are small loans, at no interest, which are facilitated by Kiva Zip, but which must begin with local support. After initial funding support is achieved online through the Kiva Zip website, others from around the country and world may also participate to reach the desired loan amount. Go to the Kiva ZIP website to learn more about the Kiva Zip model and process. https://zip.kiva.org/faq
Why is Slow Money SLO becoming a Kiva Zip Trustee?
Slow Money is all about local investment in small food and farm businesses that you know, in products you may be already buying, and really knowing how your money is being used. The Slow Money SLO local network made the decision that Kiva Zip may be an important funding approach to helping startup and small, food and farm businesses. Other programs of support offered by Slow Money SLO may become useful tools for these small businesses as they get off the ground, establish their brand and make progress against a business plan that contributes to our local food economy.
What to do if I am a small food business in SLO County and want to apply?
Interested food and farm businesses may approach Slow Money SLO for support as a Trustee to kick start the Kiva Zip loan process. Eligible businesses should be based in SLO County, be specifically about food and improving the local food economy, and be aligned with the Principles of Slow Money. The Slow Money SLO group is completely responsible for the decision on whether to sponsor a business requesting our support. For more information and to take the next step, contact the local Slow Money SLO point of contact, Pavlo, at Pavlo