We look forward to meeting you! Please confirm your eligibility as described below, and then complete the form to apply (it should take ~20-30 minutes). Applicants of all backgrounds are encouraged to apply; we especially encourage applications from first-generation, immigrant, and refugee entrepreneurs.
Confirm Your Eligibility:
+Small business, or small business idea, based in the U.S. with a legal business form (e.g., LLC, sole proprietorship)
+Seeking $1,000-$15,000 in zero-interest loan funding
+Responsive to email
+Applicant is 18+ years of age
+No minimum credit score requirement
+Additional Kiva policies: Business must be legal at federal level; Applicant cannot currently be in bankruptcy; Applicant must not have been convicted of a financial or fraud-related crime; Business must not be related to selling tobacco, weapons, adult entertainment, or a pawn shop or multi-level marketing business; Loan funding cannot be used to purchase stock or equity, nor to refinance debt
What Will Happen After Applying (~2 months until loan disbursement):
1. DreamxAmerica Pre-Approval/Endorsement: After an initial evaluation by our team, a DreamxAmerica team member will respond to you by email within 1-2 weeks if either: a) we are pre-approving/endorsing your loan application, or b) we would like to set up time to interview you by phone in order to determine our decision regarding pre-approval/endorsement.
2. Kiva Loan Application & Approval: If you are pre-approved, our DreamxAmerica team member will walk you through the Kiva.org loan application and formally endorse your application as a Trustee once it is submitted. Note that the loan amount approved is not always the amount that you request, as it depends on Kiva's underwriting evaluation; however, the DreamxAmerica partnership with Kiva generally ensures a boost above the amount typically granted under similar circumstances. You will receive an email from Kiva within 1-2 weeks asking you to approve your profile for the “Private Fundraising” stage.
3. Kiva Loan Fundraising: Loan funds are raised via the Kiva platform in two stages: the Private Fundraising and Public Fundraising stages. The DxA-Kiva team will ensure the Private Fundraising stage is completed quickly by sharing your page with its network (no need for you to do anything). Next is the “Public Fundraising” stage, when your page will be made public to Kiva’s community of 1+ million online lenders. At this stage, both you and DreamxAmerica will share the page within our networks to help ensure the loan is fully fundraised; it generally takes ~45 days to complete fundraising. The vast majority of loans on Kiva’s platform get fully funded.
For an example of what your Kiva page will look like, see here: https://www.kiva.org/lend/2042009
. Release: By submitting this application and Kiva's application, you are agreeing to release Kiva, DreamxAmerica, and its partners and affiliates to use your submitted information and photo on digital media, including to help ensure your loan is fully fundraised.
4. Disbursement of Loan: Finally, you will receive an email from Kiva on how to receive funding, as well as how the repayment process works.
Please email firstname.lastname@example.org
if you have any questions.
DreamxAmerica-Kiva Special Initiative Team