Rochester Mayor Lovely Warren says the world’s largest crowdfunded platform for small business is partnering with the city and opening a branch in Rochester.
Kiva Rochester is a branch of Kiva, which helps small business owners get startup or expansion capital with zero-interest loans. It focuses on those who would have a hard time qualifying for bank loans. It will lend as little as $25 or as much as $10,000.
Rochester Kiva will work together with the Rochester-Area Community Foundation. Mayor Warren says it will help residents become employers, creating jobs and better neighborhoods.