Kiva Zip and Startup Incorporation Service Join Forces

Monday, May 4, 2015

If you’re running a social enterprise–or any startup, for that matter–two of the headaches you face are incorporating and raising early funding.

With that in mind, Kiva Zip and BizFilings by CT recently announced an initiative that would help startups, especially social enterprises, tackle both problems.

Kiva Zip, a pilot launched by online lending platform, provides a system through which entrepreneurs at the bottom of the pyramid can get 0% interest loans up to $5,000, including those who are “financially excluded or have a social mission,” says Justin Renfro, U.S. program manager. The pilot operates in the U.S. and Kenya. As for BizFilings by CT, it’s an incorporation services provider that helps small businesses form their business structure of choice online or over the phone, as well as comply with state regulations.

Basically, BizFilings is going to refer appropriate customers to Kiva Zip. That includes any small business, but, “Often the type of customer who would be a good candidate for Kiva would be a mission-driven type of business,” says Jennifer Friedman, CMO of the small business segment of CT. “We’re very interested in working with mission-driven organizations.”

Source: Forbes (link opens in a new window)

Base of the Pyramid, social enterprise