Tag Archives: Kiva

Make a Loan to Help a Pittsburgh Business Owner Restore a Historic Building

Since election day, I have been thinking about best ways to support a sense of community, especially locally community right here in Pittsburgh. I wrote a blog post the week after election day with ways to support local community, number 1 on the list was shop local. I would like to update that list to include lend local and I think that Kiva loans are one of the best ways to support small businesses by investing and reinvesting funds in local communities. Kiva.org started as a platform to make loans to business owners in developing countries. A few years ago Kiva expanded their platform to allow loans to small businesses in the US.  Over the past 2 years, I have made loans to support 8 local businesses.

Screenshot 2016-12-18 at 11.15.04 PMI have just made a loan to Cut N’Run Studios, which is a video production company that needs funds to restore a historic building.  This loan is being supported by the Pittsburgh Metropolitan Area Hispanic Chamber of Commerce (PMAHCC). The $10,000 will be repaid monthly over 36 months.

A loan of $10,000 helps me restore a historic landmark that I will use to house my video production business.

Cut N’Run Studios is currently funding a loan on Kiva and has 3 more days to get $4700 in commitments.

Five reasons why I think you should join me in lending to Cut N’Studios:

  1. Loan not a grant – this is a loan, funds will be repaid to the borrowers on a monthly basis and can be reinvested in other businesses. (See below for more on how Kiva works)
  2. Beechview – support a small business in Beechview, one of Pittsburgh’s neighborhood that has been working to rebuild the business district.
  3. Historic Preservation – support the renovation of a historic movie theater building
  4. Building Ownership – Support a local business which owns their building. Jordan started his business in an attic and has expanded to the point where he was able to purchase his own building.
  5. Immigrant Owned Business – Jordan is originally from Venezuela, but now calls Pittsburgh home, this loan is just one little way you can show support for immigrant owned businesses in Pittsburgh.

You can read more about Cut N’Run Studios and help to fund Jordan’s Kiva loan here.

How Kiva loans work:

  1. Borrower’s loan is sponsored by a local Trustee
  2. Lenders make a donation to Kiva, donations are tax deductible and choose which loans to fund
  3. Borrowers get a zero interest loan
  4. The borrower repays the loan in increments, usually monthly
  5. Lenders can then re-lend the funds to another loan

If you are interested in learning more about Kiva’s work in Pittsburgh, join the Kiva Pittsburgh Facebook group here.

Join Our Pittsburgh Kiva Team!

One of the features that I really like about Kiva is the statistics. I can see all kinds of information about how much I’ve lent, relent, what has been repaid and more. Kiva has feature called teams where groups can contribute together and see their collective impact. If you are interested in supporting Pittsburgh based loans, I hope you will join the IheartPGH Kiva Team here.

It is my goal to have 100 people join this team and make a loan of $25.  I look forward to seeing what impact $2500 can have on supporting local businesses.

Two other Pittsburgh area Kiva loans to check out:

  • Dance And Be Fit – A loan of $4,000 helps us produce high quality videos so that Dance and Be Fit can help more people lose weight and have fun through soul line dancing.
  • TC Candy & Chocolate Art – A loan of $5,025 helps to finish the renovations to our new TC Candy retail location.

Historic Preservation Kiva Team

I have just created a new Kiva Team for lenders who are interested in supporting loans specific to historic preservation projects.  If you are interested in historic preservation, please join the Historic Preservation Kiva team here.

Random Acts of Pittsburgh Kindness

Here are a few links and websites I wanted to share because Pittsburghers are nice people and a few clicks or dollars can go along way.

First, I want to start by linking to this post on BikePGH – R.I.P. William Thomas, kid’s bike mechanic extraordinaire – this is a really nice post about a really nice Pittsburgher who donated his time to fixing bikes for kids.

Just Vote to Help a Greenburg Family win a $10,000 Family Room Makeover

I have posted about this on twitter but I wanted to give one last link for this one. Today, July 31 is the last day to vote for Megan B. at the Nestle Family Dream Room Makeover Contest. One great family from Greensburg has made it to the final round!! So take a moment to visit and vote for Megan B. Greensburg PA.

edmakeover

Kiva Fellowship: From Pittsburgh to the Phillipines (with a few stops in between)

One of the blogs that I have recently stumbled across from an email exchange about the upcoming Netroot Nation is The Causemopolitain – which is a great blog about Sloane’s Kiva fellowship in the Phillipines. Yes, that Kiva, the micro lending site that Oprah has talked about where you can support small businesses from around the globe. Sloane is originally from Pittsburgh – and we actually went to grade school together way back when.  If you have any interest in social entrepreneurship and the Kiva process – you should definitely check out The Causemopolitain.

You can help with Sloane’s Kiva Fellowship by making a contribution

Mexico Mission Trip

I have been following the blog With love from Pittsburgh for awhile now – with a name like that how could I not follow along.   Laura wrote a nice post last week about her boyfriends mission trip to Mexico – I was about to head back and make a donation but it looks like he has successfully completed his fundraising for the trip.  Laura – please leave a comment if there are other things people can do to help!

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