Small Businesses Need Money Too

Big dreams require a big heart, big visions and sometimes big bank. When diving into a startup business, money can play a huge role in not only the development of the business but also getting the word out to the world. The amount of pressure many small business owners feel when faced with financial obligations and bank loans can be overbearing. Kiva Zip is helping with this problem and connecting a new world of entrepreneurs.

Kiva Zip is a non profit organization providing 0% interest loans with no fees in amounts up to $10,000 for small business owners across the United States. With over a million lenders from all around the world, Kiva not only helps in building initial capital but also connecting entrepreneurs and building working relationships.

Henry Perkins, Kiva Representative for Mobile, shared great insight on the many benefits of becoming a Kiva borrower.

“We look at the character and impact your service will provide and focus on that,” stated Perkins.

Instead of checking credit scores and financial statements, Kiva looks at the intent and mission of small businesses; how they can positively impact the world while engaging communities. While small businesses’ expenses and financial obligations are put into the equation, however they are not the deciding factor when getting approved for Kiva loans.

Also, the open avenue Kiva provides by allowing international lenders to connect and learn more about startups is another great advantage. It gives business owners the ability to expand their business beyond their community and raise money. With the money obtained from Kiva, small businesses can purchase various startup needs such as equipment, marketing materials and inventory.

Small businesses give locals the abilities to not only positively engage their own communities but also provide for their families while pursuing personal endeavors. The increase of these businesses in Mobile has grown tremendously in the last few years.

“I've learned that everyone wants to start a business, but not everybody is ready. However, more people ARE ready than I initially thought. Mobile is ready to boom,” stated Perkins. “I'm hoping one of the last pieces of the puzzle we need for that is some accessible capital,” explained Perkins.




The objective is to promote not only local businesses and artistry but also positive community events throughout the Gulf Coast area to connect various cultural groups. In addition to keeping our audience up to date on the latest trends from fashion and beauty, to sports and fitness, Project Azalea will also serve as a platform for upcoming local businesses.

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