In this quarterly Capital Hub update we are sharing a recap of 2021 and how 2022 has started, and we’ll introduce you to three of our entrepreneurs who were able to sign or renew their lease thanks to their Kiva loans.
2021 RECAP AND STARTING 2022
In 2021 we helped provide access to 60 Kiva loans for a total of $537,000 through our Alameda and San Francisco Kiva Hubs. We also helped 29 entrepreneurs access $1,419,972 in grants, as well as 16 entrepreneurs access $784,644 in larger small business loans.
The Centro Capital Hub has started 2022 by helping 10 entrepreneurs access a total of $92,000 in interest-free loans through Kiva through January.
KIVA LOANS RECEIVED BY OUR ENTREPRENEURS
With Centro’s support, entrepreneurs have accessed the capital they need to continue their operations and start new projects in their businesses.
Tina, owner of A Girl Named Pinky, got a $15,000 Kiva loan that helped her open a new kiosk in Berkeley after losing her lease in 2020.
Quanisha, owner of Yes Pudding, got a $15,000 Kiva loan that helped her open their first permanent location inside San Francisco's historic Ferry Building.
Imani, owner of Roasted and Raw, got a $7,500 Kiva loan that helped his 100% Plant-based bowl shop expand into its own long-term brick and mortar in Oakland.
4X MATCHING FUNDS FROM UMPQUA
Through the Small Business Empowerment Program, Umpqua Bank is offering 4X matching funds to Centro’s entrepreneurs fundraising on Kiva, enabling women and minority entrepreneurs in Umpqua's footprint to access 0% interest loans.
IF YOU WANT A LOAN
SUPPORT CENTRO ENTREPRENEURS
Please let us know if you or someone you know is interested in accessing a Kiva loan or have any questions. Verónica Gutiérrez, Capital Access Manager: KivaUS@centrocommunity.org
Join us in supporting more entrepreneurs raising money through Kiva.