Microlending website Kiva and online marketplace Etsy have signed a partnership, through which sellers on Etsy can access zero-interest loans of up to $5,000 crowdfunded on Kiva Zip, a pilot project that helps Kiva reach new types of borrowers in the U.S. and Kenya.
Katie Hunt-Morr (Senior manager, Values & Impact, Etsy): We’ve long felt that Etsy and Kiva are different means to the same end: empowerment through entrepreneurship.
Lenders can visit kiva.org/etsy to browse entrepreneurs’ profiles and stories and make a loan of $25 or more.
[Image courtesy: Etsy]