Kiva Loan Application
We are thrilled and grateful to have applied for a KIVA loan to help us fund the purchase of additional kegerators for our burgeoning nitro business. We’ve applied for $9250 and are 42% there – as of February 9, 2017.
We would LOVE your support! Here’s what you can do:
- Make a loan! The minimum is $25, the max is whatever you want it to be. Click here to be taken directly to our profile.
- Share our profile on social media. This is a big one. The more people see it, the better chance we have to fully fund. Here is some suggested wording: “Support this small business – they are a five year coffee roaster doing a nitro distribution start up!” Or something like that. 🙂
Need More Info? Here it is.
Here is the email we sent to folks in our personal network. It explans what we’re doing and why we’re doing it. Also our KIVA profile goes into more detail on this. If you don’t already know us you can learn some of our history there.
Frankly Good Coffee is growing (and you can help)
Glenn and I are happy and excited to announce that Frankly Good Coffee is crowdfunding a 0% interest loan on Kiva. This is the first business loan we have ever applied for and it’s different than a traditional loan in several ways.
First things first: The $9250 that we’ve applied for will go towards buying six new kegerators to service clients in the nitro distribution part of our business. We’ve invested in four already.
Social currency is a big part of qualifying for a loan on Kiva. We’ve already passed their initial screenings. The “social” part is where you come in. We have 15 days to procure 12 lenders from our social circles. Once we do that, Kiva will feature us on the public part of their platform, where we will have access to additional lenders. We’d love for YOU to be one of our initial lenders during this 15 day period. FOR THOSE OF YOU READING ON THIS PAGE, THIS PART HAS MOVED FORWARD – WE ARE NOW ON THE KIVA PUBLIC PLATFORM.
We’d love to see loan amounts averaging $250 (though you can lend as little as $25). To be absolutely clear: it’s a loan so you will get your money back within 36-40 months. The “not so bad” news: the loan is interest free (for us in repayment and for you) so you won’t make any money. Sounds a bit strange I know, especially if you come from the business or financial world.
To be one of our lenders, here’s what to do, along with some important notes (please read this part carefully):
CLICK HERE to go to our profile (if the link doesn’t work for any reason I’ve put some text for you to cut and paste in the P.S. section of this email). You can read all about our story and how we will use the money. Kiva has easy prompts to choose the amount you want to loan and make the payment.
You will be taken to PayPal to make the payment. You may pay either through PayPal OR you will have the option to use a credit or debit card.
You must pay online using either PayPal or a debit/credit card. NO paper checks on this platform.
During checkout (while making your payment) you will be asked to make a “suggested” donation to Kiva’s operating costs (it’s pretty much the equivalent of the traditional online service fee). You may EDIT the amount you donate and you don’t have to donate – it’s a personal choice.
After you’ve completed your payment you will get an email from Kiva – KIVA (not us) will keep you updated on the status of the loan and the repayment schedule (our repayment schedule is 36 months – repayment starts 30 days after our loan is funded). Any questions on repayment should be directed to Kiva.
We’ll be following up on this a bit since we know you are busy. If you wish us well, but know that you don’t want to make a loan right now, feel FREE to reply and let me know. Then I won’t follow up with you. 🙂
We are grateful and excited for this next phase in our business growth and will for sure keep you posted.
P.S. If the link above doesn’t work, cut and paste this text into your browser. That should take you straight to our profile: https://www.kiva.org/lend/1226360
P.P.S. A bit more about Kiva if you aren’t familiar: Kiva is the first and largest micro-lending service in the world that has distributed $709 million over 10 years, in 85 different countries, among 1.5 million small businesses.