Above: Delphia Simmons, who has received a microloan.
What if you could make a loan to your favorite new art gallery in town? What if you could connect with others lending to the art gallery and, together, discover other small businesses in need that your community might rally around?
Now, you can: today, we’re happy to announce the launch of Kiva Detroit, an innovative effort to empower Detroiters by enabling them to lend to and champion the success of local businesses through Kiva.org.
Knight Foundation is contributing $250,000 to Kiva Detroit: our grant will match citizen lending dollar-for-dollar on Kiva.org, while also helping the program scale. Kiva Detroit is the organization’s first locally-organized effort in the United States.
Other partners are helping, too. Michigan Corps, a network of local and global Michiganders committed to social change across the state, leads a volunteer community of Detroiters who source businesses for Kiva Detroit and builds enduring, productive relationships among lenders, borrowers, and the community at large. ACCION USA, a U.S. microfinance institution, approves and administers loans.