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"Perhaps the most radical thing you can do in our time is to start turning over the soil, loosening it up for the crops to settle in, and then stay home and tend them."
- Rebecca Solnit
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 Kiva Loans Through Collective Commitments Minimize

Up to $10,000 for any business purpose, interest-free

Application support and matching funds available NOW

MOFGA has teamed up with Collective Commitments, a new social enterprise working in Maine, to help you access 0% interest loans from Kiva.org for any business purpose. Pat Pinto is skilled, eager and her support services are free.

Looking for a loan? Interested in no-interest?

Has the coming season got you thinking about bridge loans, operating loans, equipment purchases or infrastructure improvements that could make your coming season smoother and more profitable? A tractor, a walk-in cooler, a bulk grain order, early-season staffing that could help your farm grow, etc? Kiva.org allows loans up to $10,000. You can select a repayment period of 6-36 months as a first-time borrower, or up to 48 months for subsequent loans.

Don't have the time or the credit to apply for a bank loan?

Kiva does not follow typical bank financial underwriting – they are interested in how much local support you have.

Matching program - March 1-8 only

Now is a great time to apply for a Kiva loan because they just announced a week-long matching program, meaning you only have to raise 50% of the total loan amount if your request is active between March 1-8.

Free help is available

Pat Pinto from Collective Commitments, is working with Kiva.org to increase loan access in the Maine farming and fishing community. MOFGA is a partner to facilitate connection to farmers who could benefit from non-traditional lending.

For more information and direct support

Patricia Pinto, Collective Commitments Founder, is ready to answer your questions and help you through the entire process. Call or e-mail her anytime and let her know you're coming from MOFGA.
e-mail:
patricia@collectivecommitments.org
phone: (207) 650-4430

To get started on an application:
http://us.kiva.org/collectivecommitments/

KIVA LOAN BASICS

Kiva does not follow typical bank financial underwriting – they are interested in how much local support you have. The Kiva loan application process is very simple but free application assistance and advice is available if you want it. Farm loans are popular on the platform, so likelihood of funding success is high. Plus, if you act quickly to take advantage of the special matching program, you'll only have to raise half of the total funds requested.

STEP ONE – complete a loan application

Include a great picture of you on your farm and write a few paragraphs about your personal and business background, the purpose of your loan and include information on your social media presence. Make sure to notify a local Kiva Trustee (e.g., Pat Pinto at Collective Commitments or Daniel MacPhee at MOFGA) so they can endorse your proposal. Kiva reviews your application. In most cases the loan is approved.

STEP TWO (1-15 days) – your Private Fundraising Period

You gather 10-25 friends and family to invest as little as $25 in you. Kiva gives you the number of local lenders they would like to see you get. Once you have gotten those – you then go into your Public Fundraising Period on the Kiva Public website.

STEP THREE (1-30 days) – your Public Fundraising Period

Your application goes live on Kiva's website at Kiva.org. There, 1.5 million lenders from all over the world, are exposed to your story and are able to pledge their support to you. Many of these people will lend you as little as $25 but you will likely get 50-250 lenders.

STEP FOUR – Repayment Period

30 days after you receive your funds, you begin to make monthly loan payments. You receive the funding directly from Kiva.

*** SPECIAL MATCH OPPORTUNITY NOW ***

Any borrowers who are live on the Kiva public site between March 1-8th, will receive matching funds. This means is that you only have to raise half of the funds you are seeking from individual donors!

QUESTIONS ?

Patricia Pinto, Collective Commitments Founder, is ready to answer questions and help you through the entire process. Call or e-mail anytime and let her know you're coming from MOFGA.
e-mail:
patricia@collectivecommitments.org
phone: (207) 650-4430

To get started on your application:
http://us.kiva.org/collectivecommitments/


    

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