the local economy. Kiva’s partnership with Capital One and LEDC is
making it possible for each of us to support local small business owners
and hear their stories as they work to serve their communities.”
To support lending to small businesses in the D.C. area, Capital One hascommitted to matching every dollar lent to small businesses posted by
LEDC on Kiva City D.C. LEDC’s Community Asset Fund for Entrepreneurs
works to identify qualifying borrowers in the D.C. area, administers theloans and posts profiles of each small business owner online at kiva.org.
Capital One’s loan matching program will last throughout 2013 and is
expected to reach a $150,000 commitment. In addition to the loanmatching fund, Capital One has contributed $100,000 to support thelaunch of Kiva City D.C.
“We recognize the tremendous value that small businesses play in thelocal community and the impact they have on our local economy,” said
Jonathan W. Witter, President of Retail and Direct Bank, Capital One.
“Capital One is proud to be a part of the launch of Kiva City D.C.
Weknow that community support and capital are two key components of small business success and we believe that this is a unique opportunityfor individuals
and the community
to connect with localentrepreneurs and provide them with the financial support and
resources they need to grow and succeed.”
Through Kiva’s proven micro
-funding business model, anyone can go tokiva.org and browse through profiles and stories of people in need of amicroloan, and choose someone to lend as little as $25. Every dollarlent helps to crowd-
fund that business’ microloan, which in turn helps
to support thriving local economies, communities and jobs.