The Kiva Rochester Journey

5 steps to securing your Kiva Rochester loan:

1. The Application (30-45 minutes)

  • Kiva's application can be found online at 
  • Be sure to read the directions carefully! Throughout the application, Kiva provides advice and instructions on how to complete specific sections - make sure to follow it.
  • Before submitting the application, review it - did you follow the instructions provided? Ensure that the application is complete, accurate, and that you included everything you wanted to.
  • Your application becomes your fundraising profile. You are trying to convince lenders to support your business! Make sure you give them a reason to choose you.
  • If you are planning to apply for the REDCO Matching Loan Fund, make sure all documentation is submitted before you apply. Learn more about the Matching Loan Fund >> REDCO Matching Fund 

2. Review (1 week)

  • Your application will be reviewed by Kiva staff at their headquarters in San Francisco. This can take up to a week, assuming that your application is complete and does not require any edits. 
  • While your application is being reviewed, you should begin reaching out to your personal networks and letting them know that you will be asking them to support you with a loan of $25 or more.
  • When you have been approved, a Kiva staff member will contact you.

3. Private Fundraising Period (15 days maximum)

  • Once Kiva staff has contacted you with approval, you are eligible to start private fundraising.
  • Kiva will give you a specific number of lenders from your personal networks that you need to secure to prove your creditworthiness - the number can be anywhere between 5-35. Each private lender must contribute $25 or more.
  • When you are ready, Kiva staff will send you an email with a link to your private fundraising profile. This link is the only way that private lenders will be able to contribute to your campaign - they will not be able to find your profile without the link. 
  • You should aim to fund between 20-30% of your loan during the private fundraising period. You should contact as many people as possible, using email, social media, etc.

4. Public Fundraising (30 days maximum)

  • Now that you have secured your required number of private lenders, your fundraising profile will be visible on the Kiva website. Lenders from all over the world will now be able to contribute $25 or more to your campaign!
  • Interact with your lenders using the comments section - your lenders want to hear from you! 
  • Once your loan is fully funded, the money will be disbursed to your PayPal account.

 Learn more about Kiva Rochester >> Kiva Rochester