“We are excited because this will allow anyone who would like to support our local food entrepreneurs a chance to do so, regardless of the amount they have to invest. The food community here in Austin is a great one and this partnership just provides one more avenue for local people to put their money to work in their community.” – Jarred Maxwell, Slow Money Austin Local Leader
“We’ve heard from many people who thought they couldn’t succeed because they didn’t have the credit or the capital. Now they have the opportunity to reach investors globally. It’s incredibly empowering for both the borrower and lender, especially when the support is found right here in their hometown. This partnership with Slow Money Austin will showcase the passion of these food entrepreneurs and excite them to keep growing the local economy.” – Justin Renfro, Kiva Zip
While Austin can be a great community for entrepreneurs of all kinds, food startups can sometimes be overshadowed by new technology or other more traditional business ventures. It can be extremely difficult for food sector firms to secure mentoring, guidance, and funding; Slow Money Austin seeks to change that. The group is organizing a local network of resources for these food entrepreneurs, which already includes Austin Foodshed Investors and the Sustainable Texas Investment Club.
The Kiva Zip partnership is just one of many that Slow Money plans to announce over the coming months.
About Kiva Zip
Kiva Zip is a pilot program of Kiva.org, the world's first and largest crowdfunding platform for social good. Kiva aims to connect people through lending to alleviate poverty and expand economic opportunity. Launched in 2011, Kiva Zip provides 0% interest loans to financially excluded and socially impactful entrepreneurs in the United States and Kenya. The program aims to expand financial opportunities for entrepreneurs, reduce the cost of capital, and enhance connections between lenders and borrowers. To make a loan or become a borrower, visit http://zip.kiva.org.
About Slow Money Austin
Inspired by the national Slow Money and Slow Food movements, a group of committed individuals formed this organization to promote sustainable food systems in Austin and the surrounding region (the Austin Food Shed). Slow Money Austin is organized under the Slow Money Alliance, a 501(c)(3) nonprofit organization.
News from AFI; Links to stories on business-for-good, private-company investing, fundraising, & sustainable food.