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Kiva Zip and EarlyIQ, Inc. Announce Partnership to Facilitate Diligence for U.S. Peer to Peer Lending Network

Kiva Zip and EarlyIQ, Inc. Announce Partnership to Facilitate Diligence for U.S. Peer to Peer Lending Network

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07/07/2014

 
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Kiva Zip and EarlyIQ, Inc. Announce Partnership to FacilitateDiligence for U.S. Peer to Peer Lending Network 
MENAFN - - 9/25/2013 7:30:47 AM0 Comments 
Kiva Zip and EarlyIQ, Inc. Announce Partnership to FacilitateDiligence for U.S.Peer to Peer Lending Network 
Innovative Online Tool Helps Kiva Zip Drive Micro-Loan Access forUnderserved, Under-Banked Small Business inthe United States
SAN FRANCISCO, CA, Sep 25, 2013 (Menafn - Marketwired via COMTEX) --Today Kiva Zip, apilot program of Kiva Microfunds, and EarlyIQ Inc.announce the selection of EarlyIQ'sdiligence platform for use inevaluating loan applicants on Kiva Zip's crowdfunding platform.Withthe small business credit crunch continuing unabated in recent years,Kiva Zip helpscreate access to capital for small business owners andaspiring entrepreneurs that areoverlooked and underserved byconventional lenders. The EarlyIQ platform is used toaugment andsupport due diligence with Kiva Zip's Trust Networks and socialunderwritingprocesses."Kiva Zip connects lenders to small business entrepreneurs who arelocked out of traditional lending because theirbusiness is tooyoung, their idea too innovative, or their credit history is tooshort or damaged. Visitors toKivaZip.org can choose the entrepreneurthey want to support with a loan of 25 or more. The EarlyIQ solutionhelpsus confidently support their efforts by providing a unique,easy to use diligence tool for our team," said Jonny Price,SeniorDirector of Kiva Zip.The commercial micro-lending industry in the U.S. represents a large,relatively untapped segment of the market of small businesses forwhich lending decision support is often not readily available. TheEarlyIQ hosted analyticsplatform delivers comprehensive,professional level insight into companies seeking funding while doingso in anefficient and easily understood format that makes theinformation accessible and meaningful. Online fundingplatforms usethe information to help triangulate other sources of information tocapture a more complete picture of the business."We're really pleased to be working with Kiva Zip. They'vedemonstrated clear leadership leveraging new tools andcapabilitiesto drive access to capital for entrepreneurs in a sociallyresponsible fashion," said Steve Yin, Co-founderand CEO of EarlyIQ. About KivaKiva Zip is a pilot program of Kiva.org, the world's first andlargest crowdfunding platform for social good. Kiva aimsto connectpeople through lending to alleviate poverty and expand economicopportunity. Since 2005, Kiva and theirgrowing global community of980,000 lenders have crowdfunded more than 480 million in microloansto over 1million entrepreneurs in 72 countries, with a 98.9%repayment rate. Kiva is a nonprofit and makes no money fromthe loansthey facilitate.https://zip.kiva.org/. About EarlyIQEarly IQ, Inc is a San Diego, California based, hosted informationand analytics company serving early stage capitalmarkets includingthe crowdfunding, peer lending, angel, accredited, private equity,and venture capital. Our coretechnology -- Diligence 3.0 --revolutionizes transparency for early stage decision support. As the#1 source forinvestors and industry-standard trustmark for ratings,research, and analysis on private start-up ventures, wefacilitateefficient markets by providing information and services for onlineinvestment portals and other professionalinvestment markets.EarlyIQwww.earlyiq.cominfo@earlyiq.comMedia Contact:Jason Riggs
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Kiva Zip and EarlyIQ, Inc. Announce Partnership to Facilitate Diligence f...http://www.menafn.com/7537f87c-6a1a-4b9a-804b-a96d6770f0f1/Kiva-...1 of 39/25/2013 8:27 PM
 
Kiva Communications Director jason@kiva.orgSOURCE: EarlyIQ, Inc and Kiva.orghttp://www.earlyiq.commailto:info@earlyiq.commailto:jason@kiva.org(C) 2013 Marketwire L.P. All rights reserved.
 
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