SourceFunding.org Partnership with Kiva.org to Provide Alternative to Predatory Lenders

NEW YORK CITY (January 15, 2018) - University and foundation-backed SourceFunding.org recently announced a new partnership with Kiva.org to support small business growth and job creation in the US.

Serving as a Kiva Trustee, SourceFunding.org will be recommending entrepreneurs and small businesses for priority access to 0% interest small business loans.

The new partnership demonstrates growing momentum behind SourceFunding.org’s national campaign for the financial inclusion and empowerment of all entrepreneurs in the US.

The partnership also represents further expansion of SourceFunding.org’s Responsible Finance Network™, which has grown to include several thousand trusted, transparent, and low-cost community lenders within the last year.

“This is yet another exciting step forward in our commitment to level the playing field for all entrepreneurs and small business owners in the US so they can easily find and secure the quality, low-cost, and transparent financing needed to expand & create jobs,” said Sara Brainard, Brooklyn-based entrepreneur and VP of Corporate Operations for SourceFunding.org.

One entrepreneur already benefiting from the new partnership is Ashley Warmington, a student entrepreneur at Medgar Evers College School of Business who is working on her MWBE certification with the support of the College’s nationally recognized Entrepreneurship & Experiential Learning Lab.

Using SourceFunding.org, Ashley’s AirBnB management and concierge company, Cozy Oasis, was matched with Kiva and recommended for funding. The funding will accelerate the company’s growth globally into three new countries, which will create several new jobs in the Brooklyn community.

"Our entrepreneurs and small businesses face significant barriers when seeking financing to grow and create jobs,” said JoAnn Rolle, dean of the Business School at Medgar Evers College. “Entrepreneurship is an an important self directed career pathway for many of our students after they graduate and access to funding is crucial.”

To learn more about the positive impact SourceFunding.org is having, click here.