Since the Kiva Pittsburgh initiative launched, over $2 million in interest-free Kiva micro-loans have supported businesses in the Pittsburgh region. These loans went to businesses that may not have otherwise had access to capital to launch or grow, many of which were new businesses and/or owned by individuals from disadvantaged groups (63% women & 62% minorities). Riverside Center for Innovation is proud to work with Kiva to bring dollars to the Pittsburgh economy and investment to these local businesses, and we look forward to the next million!
Click through the slides to discover the Kiva stories of six entrepreneurs whose first loans helped us to reach the $2 million mark and crowdfunded a second loan in the last month, kicking off our journey to the next million!
Kiva + Bridgeway Capital “Small Business Boost”
In conjunction with Kiva Pittsburgh’s $2MM lending milestone, Bridgeway and Kiva are partnering to support a cohort of 22 former Kiva borrowers to provide business assistance services. The cohort will receive various business assistance support including up to 10 hours of services in the areas of legal, financial, strategy, marketing, HR and more.
Participating businesses will gain access to a new innovative business model assessment tool, created by Sustainible, a local tech startup. With their tailored customized service plan, catered to their needs, each business will be assigned applicable specialized consultants in various fields to expand their business’ capacity. Cohort members will also have access to virtual group sessions on various business development topics.
In addition to the aforementioned services, the cohort will be introduced to Bridgeway’s lending process, exploring capital options for potential expansion. Businesses may graduate from the program being positioned to apply for Bridgeway’s larger loans when they are ready.
* Topics will be determined by priority areas identified in assessment plans. Group sessions will also be a great opportunity for owners to network and learn from one another.
If you have any questions about the program, please contact Emily Keebler [email protected]
Kiva PittsburghThe Kiva Stories of Six Pittsburgh Entrepreneurs
Kiva PittsburghKiva PGH Milestone: $2,000,000 crowdfunded for small businesses!