Kiva ZIP

Kiva partners with Watsonville organization in micro lending program for local entrepreneurs

As of May 2014, El Pájaro CDC officially became a Kiva Zip Trustee as part of a partnership program with Kiva and the
National Association for Latino Community Asset Builders (NALCAB). Over the
past nine years, Kiva has created innovations in peer-to-peer lending worldwide,
facilitating over $500 million in loans.

Kiva Zip is a pilot project that
enables socially impactful but financially excluded entrepreneurs to access 0%
interest, microfinance loans in the U.S. These small business loans are raised
through Kiva’s crowd funding website by hundreds of lenders from all over the
world. As opposed to using traditional financial metrics, Kiva Zip evaluates
borrowers’ credit worthiness based on their network and the public endorsement they
receive from a Kiva Zip Trustee. In becoming a trustee, El Pájaro CDC saw an
opportunity to inform their community aware of the power of crowd funding to
support microbusinesses in the region it serves; Kiva Zip provides alternative
funding channels where traditional funding routes may not be available.

Kiva Zip is a platform to tell the
story of a business and cultivate a global, online community to rally around it
as potential customers, business advisors, and brand ambassadors. The first
Kiva Zip loan can be up to $5,000 and lenders can contribute starting at $5
each to support any business purpose, such as inventory purchases, equipment
investment, product line expansion, staff expansion, and marketing and
advertising. Borrowers must have a trustee endorsement and pass a
“silent fundraiser” period before their public fundraising campaign is
activated on the Kiva Zip website for the world to see.

This Thursday, July 10 Kiva Zip is offering a fund matching
opportunity where your loans will be doubled! You may loan from $5 to $4000 it
is up to you! But please loan this Thursday and you help will have double the

Our first endorsed clients, Tia
Meyer, owner of The Night Kitchen, from Santa Cruz County and Betty Gonzalez owner of Granola Naturali, from
Monterey County, are currently seeking loans from friends, family and YOU, our El
Pájaro CDC community. Please consider supporting our entrepreneurs during this
critical period in their business so they may purchase start-up supplies, equipment and ingredients.
You may access their profiles at Both entrepreneurs operate
their businesses at El Pájaro CDC’s Kitchen Incubator in Watsonville, CA.

Only EPCDC clients that participate in our
trainings or receive our services can be endorsed by us as a Trustee. If you
are a client of EPCDC and are interested in the Kiva Zip microloan program,
please contact us at (831) 722-1224.
If you are interested in our business education and training services, please
visit our website at
for a schedule of upcoming workshops