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Kiva Loans

The Farmers' Source for Financing

Investments

Kiva’s online fundraising platform allows first-time farmer borrowers to request up to $10,000 in loans ($5,000 for non-farmers). Subsequent loans may increase in limit based on successful repayment of previous loans.

Eligibility

Applicants to either program must:

  • Be OEFFA members in good standing
  • Hold current organic certification for their operation or be able to demonstrate engagement in or support for sustainable agriculture practices throughout the lifetime of the investment
  • Be located in Ohio

ADDITIONAL ELIGIBILITY CRITERIA FOR KIVA LOANS

  • Borrowers cannot currently be in foreclosure, bankruptcy, or under any liens
  • Borrowers must be endorsed by a Trustee. The Trustee must DEEPLY TRUST the character of the borrower they are endorsing and his or her commitment to repay the loan
  • The borrower must have a viable business or business plan
  • The trustee must know how the borrower will use the loan and understand how it will impact the business
  • The borrower will be required to invite a number of lenders from their own network to fund their loan
  • The loan must be seen to have a positive social impact
  • The borrower must be over 18
  • The borrower must have a Pay Pal account

Permitted Use of Funds

Kiva borrowers may use their loans for a wide range of different reasons. Some examples of how successfully funded Kiva loans were used include: purchasing an ice machine and scalder to improve the efficiency of meat processing for pasture raised poultry; buying supplies and equipment to start an organic farm; obtaining a greenhouse, commercial range, triple-bin stainless steel sink, and commercial lettuce spinner to increase efficiency and profitability on an established farm; purchasing feeders, lights, feed, refrigeration, and baby chicks for a small chicken CSA farm; purchasing and putting up a high tunnel; enclosing and weatherizing an existing pole barn for use in mushroom production.

Terms

  • All loans are made at 0% interest
  • Maximum loan amounts from first time borrowers are $10,000 (farmers only) and $5,000 (all others)
  • Loans of up to $5,000 must be repaid in 24 months
  • Borrowers must invite lenders from their own network (and/or the network of their Trustee) to fund their loan, before they are able to take advantage of Kiva’s crowd of lenders. For loans of $2,525 and above borrowers are required to raise funding from 15 lenders from within their network.

Where to Start

Visit the Borrower’s Hub on the Kiva website to learn more about the application process.

Timing

After you fill out a short form with basic information about yourself and your business, a Kiva representative will then reach out to you with information on next steps.

You will be required to complete an application.

Once you complete your loan application to Kiva and the OEFFA Kiva Trustee Endorsement Application, they will be reviewed. If approved, borrowers have 15 days to invite the required number of lenders to fund their loan. Once you reach the required number of lenders, your loan will be posted to the public Kiva website and you then have 45 additional days to raise the remaining amount.

For More Information

Browse the Kiva website.

For questions about Kiva:

Call: (614) 421-2022 Ext. 202

Email: kivatrusteeoeffaorg

 

OEFFA
Ohio Ecological Food and Farm Association
41 Croswell Rd.
Columbus OH 43214

oeffaoeffaorg

OEFFA: (614) 421-2022
OEFFA Certification: (614) 262-2022

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